#LitecoinETF The US Securities and Exchange Commission (SEC) has officially accepted Canary Capital's 19b-4 filing to launch a Litecoin ETF. LTC price reacted by rising by over 13%

The SEC has begun reviewing Canary Capital's application to launch a Litecoin (LTC) spot exchange-traded fund (ETF), which many have seen as a very positive sign.

The First Litecoin ETF

The Litecoin ETF was once considered a dark horse among spot ETFs based on other altcoins. However, the instrument has had its supporters all along.

Bloomberg analysts Eric Balchunas and James Seyffarth have argued from the start that the SEC is more likely to approve a Litecoin ETF than similar products based on Solana ( SOL ) or XRP . Their prediction is coming true.