I noticed that LTC's ETF application actually submitted the key materials back in mid-January this year. The very next day, Nasdaq also submitted the relevant 19b-4 documents, which means it officially entered the SEC's approval process. The timeline is a maximum of 240 days, which means it could be approved by September 17 at the latest.

Comparing with several other varieties currently hotly discussed in the market, such as XRP and DOGE, most related documents were concentratedly updated between June and July, catching the regulatory body's wave of focused reviews, and are still in the early stages. LTC, on the other hand, is among the group that is 'ahead of the curve', so in terms of the actual timeline, it indeed has a greater opportunity to take the lead.