Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
Crypto Potato 2025-01-30 15:50:24

Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes?

Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes?

The Securities and Exchange Commission (SEC) has officially recognized Canary Capital’s proposal for a Litecoin ETF and invited public input as the potential for a US listing grows. Multiple fund managers have recently submitted applications for altcoin ETFs to the securities regulator. However, according to Bloomberg ETF analyst Eric Balchunas, Canary Capital’s Litecoin ETF is the only one that has advanced past the initial stage. Litecoin ETF Approval Incoming? In his latest update , Balchunas noted that Canary Capital’s Litecoin ETF is the first altcoin 19b-4 filing to be acknowledged by the agency. He pointed out that all other similar applications were effectively shut down, as firms were instructed to withdraw them by Gary Gensler’s SEC. With the Commission’s comments on the S-1 and the acceptance of this filing, the Litecoin ETF is now the most advanced among altcoin proposals, having met all necessary regulatory requirements. As such, the key question remains whether the SEC will take the full 240-day review period to reach a decision or opt for a faster approval process – something that, at this stage, remains uncertain. According to the SEC’s January 29 filing , the public has a 21-day window from the document’s publication in the Federal Register to submit opinions on the proposed fund. This feedback will help shape the regulator’s decision-making process. After the comment period ends, the SEC has up to 45 days to reach a conclusion, though it retains the right to extend the review period to 90 days if needed. The final outcome will involve approval, rejection, or a more detailed examination of the ETF application. Polymarket Odds Favor Litecoin ETF Approval During Gensler’s tenure as SEC Chair, the agency frequently postponed decisions on crypto ETFs. It was also notorious for often delaying approvals until the final deadline. However, since his departure, the regulatory landscape is expected to shift. Acting Chair Mark Uyeda has shown a more receptive attitude toward crypto-related financial products, which has led to a surge in ETF applications beyond just Bitcoin. This shift has fueled optimism among crypto investors. In fact, traders on Polymarket, a decentralized prediction platform, have placed an 86% probability that the SEC will approve a Litecoin ETF this year. The recent development surrounding Canary Capital’s Litecoin ETF proposal has had a significant positive impact on Litecoin’s price. Over the past day, LTC surged nearly 20%, trading above $132. The latest price movement has also strengthened the crypto asset’s monthly gains, bringing it closer to approximately 28%. Additionally, on-chain data hints at growing whale accumulation, which could be indicative of large investors positioning themselves in anticipation of a possible ETF approval. The post Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes? appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
747
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.