#LitecoinETF

Recently in January 2025, Canary Capital filed an S-1 with the U.S. Securities and Exchange Commission (SEC) to propose the first spot Litecoin ETF ([litecoin.com]). On January 29, the SEC accepted the proposal, marking a key milestone in the review process ([ccn.com]). Bloomberg analysts predict high approval odds, estimating potential inflows up to $580 million if adoption mirrors that of Bitcoin ETFs ([coindesk.com]). Previously, Grayscale launched its Litecoin Trust, enabling investors to access Litecoin without direct ownership ([grayscale.com]). Overall, this strategic development is considered a major catalyst for future growth in the altcoin market. This advancement should drive more investments.