Litecoin ETF
Progress: Institutions such as Grayscale and Canary Capital have submitted applications for a Litecoin ETF, and the SEC has officially accepted some related documents (such as Grayscale and Canary's 19b-4 filings). As of March 2025, the SEC will delay its decision until May (for example, the deadline for Canary's Litecoin ETF is May 13).
Advantages: Litecoin is considered to have similar characteristics to Bitcoin (for example, both use a proof-of-work mechanism and have not been explicitly classified as securities by the SEC). This reduces regulatory barriers. Bloomberg analysts Eric Balchunas and James Seyffart have given the Litecoin ETF a 90% approval probability, significantly higher than its competitors.
Reasons for optimism: Due to its lower regulatory risks and the market's clear positioning (similar to Bitcoin's 'lite' version), the Litecoin ETF is considered the most likely candidate to be approved first.