SEC Accepts Canary Capital's Application for Registration of Spot Litecoin-ETF
SEC Accepts Canary Capital's Application for Registration of Spot Litecoin-ETF
The SEC has accepted Canary Capital's Form 19b-4 application for registration of a Litecoin-ETF.
The company has already filed an S-1.
The registration of the application has effectively started the 240-day countdown timer that the Commission has to make a decision.
Eric Balčunas noted that the company still needs to receive comments on the S-1, which will indicate the progress of the registration process.
He is confident that Litecoin-ETFs will be the next category of crypto funds in the US to receive SEC approval.
The US Securities and Exchange Commission (SEC) has accepted Canary Capital's application to create an ETF based on Litecoin. According to Bloomberg Intelligence analyst Eric Balčunas, this exchange-traded fund has advanced the furthest among all similar altcoin-based products.
