The ETF for Litecoin has been submitted! Canary Capital, a leading investment firm focused on digital assets, has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for the first ETF for Litecoin LTC ¹. This submission is a critical step in the approval process that the SEC undertakes for any new investment product.

The SEC has officially acknowledged Canary Capital's proposal, marking an important step towards potential approval. This move opens the floor for public comments and indicates that Litecoin may become the third cryptocurrency, after Bitcoin and Ethereum, to receive an ETF in the United States.

Analysts expect the approval of the Litecoin ETF to be imminent, as Eric Balchunas, a senior ETF analyst at Bloomberg, noted that the SEC's interaction...