Litecoin ETF: Recent Developments You Should Know About

Bittime - Nasdaq forwarded Canary Capital Fund's report through strict regulations, regarding the possible emergence of a Third Crypto ETF, namely ETF Litecoin. 

SEC Is in the Process of Reviewing Crypto ETFs

The Securities and Exchange Commission (SEC) is now starting a regulatory review process that could lead to the launch of the next cryptocurrency exchange-traded fund (ETF).

There is a Potential ETF for Ethereum and Litecoin

This move shows the potential for expanding the cryptocurrency ETF landscape beyond Bitcoin and Ethereum, with Litecoin—a digital asset known for its faster transaction speeds and lower fees—as the next candidate for SEC consideration.

Registration Canary Capital's S-1 for Litecoin ETF

Canary Capital filed a revised S-1 registration statement on Wednesday, prompting Bloomberg ETF analyst James Seyffart to note on the X platform that while this suggests SEC involvement, a 19b-4 filing is required to begin the approval process. Hours later, Nasdaq filed the important document.

Eric Balchunas, Bloomberg ETF senior analyst, wrote in ETF approved.

Read too XRP ETF vs Litecoin ETF: Which Will Be Approved First in 2025?

Litecoin Offers a Different Path in the Crypto Market

Meanwhile analyst J.P. While Morgan projects that the Solana and

Litecoin Offers Fast Transaction Processes and Low Fees

Created in 2011, Litecoin processes transactions about four times faster than Bitcoin and with lower fees. This cryptocurrency uses a different hashing algorithm, which encourages more decentralized mining compared to the Bitcoin system.

Read too Litecoin (LTC) Price Latest in IDR

Conclusion

Recent developments regarding Litecoin ETFs show promising potential for investors and cryptocurrency enthusiasts. With higher transaction speeds and lower fees, Litecoin can be an attractive alternative in the world of crypto investment. Stay tuned to the latest news and developments to get the most up-to-date information regarding this ETF and its impact on the cryptocurrency market as a whole.

Read too How to Buy Litecoin (LTC)

FAQ

Litecoin ETFs in What Form?

The proposed ETF would hold Litecoin in Spot form, not futures contracts, with Coinbase Custody Trust Company and BitGo Trust Company acting as custodians, according to the S-1 registration statement.

Who is the SEC Chairman Serving When the Litecoin ETF Is Filed?

The timing of this filing coincides with broader changes in the regulatory landscape, as current SEC chairman Gary Gensler prepares to be replaced by Paul Atkins, who previously served as SEC commissioner between 2002 and 2008.

When Litecoin ETF Application Be Made?

Canary's initial filing of the S-1 registration statement for the Litecoin ETF was in October 2024.

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Reference

DJ Shaw, Canary's Litecoin ETF Takes Big Step Toward Nasdaq Listing, Accessed January 17, 2025

Author: IN