Summary
- Nasdaq has reportedly submitted paperwork to the SEC for the trading of the Canary Litecoin ETF.
- The industry predicts that the Litecoin spot ETF will be the first altcoin ETF to be listed this year.
- A Bloomberg analyst expressed optimism, stating there is no reason for the SEC to reject Litecoin.
Nasdaq has submitted paperwork to the U.S. Securities and Exchange Commission (SEC) for the trading of Canary Capital's Litecoin (LTC) spot ETF.
On the 16th (local time), Nate Geraci, president of the ETF Store, announced on his X account that "Nasdaq has submitted Form 19b-4 to the SEC, requesting approval for the trading of the Canary Litecoin ETF."
The industry predicts that the Litecoin spot ETF will be the first altcoin ETF to be listed this year.
Eric Balchunas, Bloomberg's senior ETF analyst, stated, "The Litecoin ETF has completed all the necessary work for listing and trading. It is expected to be the first altcoin ETF to be listed this year," adding, "Litecoin is already considered a commodity. Given the new SEC chairman, there is no reason for this product to be rejected."
Doohyun Hwang
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