Nasdaq Files for Spot Litecoin ETF Listing
- Nasdaq filed a 19b-4 Form on Jan. 16 to list and trade a spot Litecoin (LTC) ETF by Canary Capital.
- Bloomberg analyst Eric Balchunas predicts this could be the first altcoin-related ETF approval in 2025.
- The SEC has engaged with the S-1 Form amendment, but approval is not guaranteed.
- Litecoin’s price increased by nearly 24%, reaching $129.49, marking the largest daily gain among top cryptos.
- Seyffart and Balchunas foresee a wave of mixed ETFs approvals, including Bitcoin and Ethereum, in 2025.
Nasdaq’s filing for a Litecoin ETF marks significant progress as analysts predict it may become the first approved altcoin-related ETF in 2025. The SEC’s engagement with the application suggests growing interest despite no guarantee of approval.
