Summary
- Canary Fund has reported submitting a revised Litecoin ETF securities filing.
- Although the review request document has not been submitted, Litecoin is evaluated as the third most likely cryptocurrency to be approved.
- A Bloomberg ETF analyst predicted that Litecoin is highly likely to be the next approval target.
Amid growing market anticipation for altcoin spot Exchange-Traded Funds (ETFs), Litecoin (LTC) has made its presence known.
On the 15th (local time), James Seyffart, a Bloomberg ETF analyst, announced on X (Twitter) that "Canary Fund has just submitted a revised Litecoin ETF securities filing (S-1)."
However, it is reported that the review request document (19b-4) has not yet been submitted.
Meanwhile, there is speculation that Litecoin could be the next cryptocurrency to receive ETF approval after Bitcoin (BTC) and Ethereum (ETH). Eric Balchunas, a Bloomberg ETF analyst, stated, "I've heard that the Litecoin S-1 has received comments from the Securities and Exchange Commission (SEC). This supports my prediction that Litecoin is most likely to be approved next."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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