LTC News: Cboe BZX Refiles for Solana ETFs on Behalf of Four Issuers

Cboe BZX Exchange has resubmitted filings on behalf of four asset managers—Bitwise, VanEck, 21Shares, and Canary Capital—seeking to list a spot Solana exchange-traded fund (ETF) in the US. The refiled 19b-4 applications, submitted on January 28, follow the Securities and Exchange Commission's (SEC) reported rejection of the initial filings late last year. The new submissions restart the SEC's review process under the leadership of acting.

Cboe BZX Refiles for Solana ETFs on Behalf of Four Issuers

Cboe BZX Exchange has resubmitted filings on behalf of four asset managers—Bitwise, VanEck, 21Shares, and Canary Capital—seeking to list a spot Solana exchange-traded fund (ETF) in the US. The refiled 19b-4 applications, submitted on January 28, follow the Securities and Exchange Commission's (SEC) reported rejection of the initial filings late last year. The new submissions restart the SEC's review process under the leadership of acting chair Mark Uyeda, who is seen as more crypto-friendly. This move positions Solana (SOL) to potentially become the third cryptocurrency available through a spot ETF on US stock exchanges, following Bitcoin (BTC) and Ether (ETH) ETFs launched in 2023. Additionally, asset managers have filed for spot ETFs for XRP (XRP) and Litecoin (LTC).

Trump Media Announces Launch of Fintech Platform Truth.Fi

Trump Media and Technology Group (TMTG), the parent company of Truth Social, has announced the launch of Truth.Fi, a new financial services and FinTech platform. The company has allocated $250 million, held by Charles Schwab, to fund traditional investment vehicles, separately managed accounts (SMAs), exchange-traded funds (ETFs), and crypto securities. Truth.Fi is expected to launch later this year, with investments targeting a range of financial products including cryptocurrencies.

Litecoin Whale Activity on the Rise

Litecoin (LTC) is experiencing increased whale activity, with large transactions indicating potential long-term strategic moves by major holders. This surge in activity is drawing attention to Litecoin's market dynamics and its potential for future growth.