#LitecoinETF The SEC has accepted Canary Capital's 19b-4 application for registration of Litecoin ETF.
The company had already filed S-1 papers before.
The filing effectively started the countdown timer of 240 days that the Commission has to make a decision.
Eric Balchunas noted that the company still needs to receive comments on the S-1, which will indicate that the registration process is progressing.
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 for the creation of an ETF based on Litecoin. According to Bloomberg Intelligence analyst Eric Balchunas, this ETF has advanced further than others among all similar products based on altcoins.
Canary Capital filed an application to list the Canary Litecoin ETF on the Nasdaq exchange on January 16, 2025. According to it, two counterparties will act as custodians of the trust - BitGo Trust and Coinbase Custody.
The fund will directly invest in Litecoin (LTC), which makes it a spot fund.
