#LitecoinETF Bloomberg ETF analysts Eric Balchunas and James Seyffart also believe that the likelihood of a Litecoin ETF being approved is quite high. They noted that Litecoin meets some regulatory criteria, given that Litecoin is already recognized as a commodity by the Commodity Futures Trading Commission (CFTC). This classification strengthens the ETF’s argument relative to other fund applications from other legally ambiguous digital assets.

As we reported on Wednesday, the SEC confirmed a separate filing by the Nasdaq exchange to list a Litecoin ETF by CoinShares. The agency is now seeking public comments on Nasdaq’s rule changes, which is in line with the regulatory approval process.