Potential Approval of Litecoin ETF in the U.S.
- Canary Capital filed an amended S-1 registration form for a Litecoin ETF with the SEC.
- The filing lists U.S. Bancorp Fund Services as administrator and Coinbase Custody Trust and BitGo as custodians.
- No 19b-4 filing has been made, which is necessary to start the SEC’s approval process.
- Gary Gensler, current SEC chair, is stepping down; Paul Atkins has been nominated but not confirmed as his successor.
- Recent approvals of Bitcoin and Ethereum ETFs have increased interest in altcoin ETFs like Litecoin.
Canary Capital’s amended S-1 filing for a Litecoin ETF suggests possible SEC engagement, though no formal approval process has begun due to the absence of a 19b-4 filing. The change in SEC leadership adds uncertainty to the timeline. Recent market trends show growing interest in cryptocurrency ETFs following Bitcoin and Ethereum approvals.
Source (2.6)https://coingape.com/litecoin-etf-likely-next-spot-crypto-etf-to-get-sec-nod-bloomberg-analyst/?rand=24432
