Nasdaq has filed a Form 19b-4 on January 16 to list and exchange the spot Litecoin ETF (Exchange-Traded Fund) that Canary Capital registered. Bloomberg Senior ETF Analyst Eric Balchunas believes this is the first ETF related to altcoins in 2025.
Balchunas announced that it has updated its Litecoin ETF following an update to the S-1 form filed by Canary. “has all the boxes checked.” “He added”
” don’t see any reason why this would be withdrawn either given SEC gave comments on the S-1, Litecoin is seen as commodity and there’s new SEC sheriff in town.”
James Seyffart was a Bloomberg Analyst on Jan. 16. highlighted The S-1 Form amendment was not a guarantee for approval. It is still a good sign that US Securities and Exchange Commission is taking action.
Seyffart’s response to the Nasdaq announcement The following is a list of the most recent and relevant articles. It could take a few weeks for the SEC to approve the Litecoin ETF.
He said that while the recent Solana filings (SOL), were not recognized, a Litecoin ETF would be more likely to receive regulators’ attention. Seyffart why? that LTC is not subject to the SEC’s accusations that it is a security, which boosts its odds.
Litecoin’s price has risen nearly 24 percent in the last 24-hours, and is now at $129,49 according to press time. CryptoSlate data. The 25 biggest cryptos by market capitalization have the highest daily gains.
The wave of approval
Seyffart Balchunas predicted A wave of ETF approvals is expected to hit the market by 2025. Mixed ETFs tracking Bitcoin (BTC), Ethereum (ETH) or both were most likely to get SEC approval.
First approvals for these products came in 2024 with the Hashdex and Franklin Templeton applications. Predictions are correct for Litecoin (HBAR) and Hedera.
Analysts believe that funds linked to XRP or SOL may also be on this list. However, they could face delays because of SEC suits which considers these cryptos as securities.
Donald Trump, the president-elect of America is not a democrat. reportedly Consider including XRP (XRP), SOL and USD Coins (USDC) into the US National Reserve. The odds for approval of spot XRP or SOL ETFs would be improved.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
