LTC News: SEC Acknowledges Litecoin ETF Filing, Initiates 240-Day Review Period

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Canary Capital’s 19b-4 filing for a Litecoin exchange-traded fund (ETF), marking a significant milestone in the approval process. This acknowledgment triggers a 240-day review period, during which the SEC must decide whether to approve or reject the proposal. If approved, the Litecoin ETF could revolutionize how investors access and invest in cryptocurrencies, providing a regulated and accessible avenue for exposure to Litecoin. Litecoin, often referred to as the 'silver to Bitcoin’s gold,' has maintained a strong presence in the crypto market, and this development could further bolster its adoption and market position. The outcome of this decision will be closely watched by investors and industry stakeholders, as it could set a precedent for future cryptocurrency-based financial products.

SEC Acknowledges Litecoin ETF Filing, Starts 240-Day Decision Clock

The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Canary Capital’s 19b-4 filing for a Litecoin exchange-traded fund (ETF), marking a step forward in the approval process. This development sets a regulatory deadline for the Commission to either approve or reject the proposal. If approved, the ETF could significantly reshape how investors gain exposure to cryptocurrencies. Litecoin has long remained in the shadow of Bitcoin and Ethereum, with most public attention and investment flowing toward the two dominant cryptocurrencies. However, analysts Eric Balchunas and James Seyffart believe Litecoin could gain more attention if the ETF is approved.

Litecoin Surges 14%, Is LTC Slated To Hit $200 In February 2025?

Litecoin (LTC) has recently surged by 14%, making headlines after years of relative obscurity. As one of the earliest cryptocurrencies, Litecoin was once dubbed 'digital silver' to Bitcoin's 'digital gold.' Despite its early popularity, Litecoin had seen a decline in its market ranking. However, a recent filing for an LTC exchange-traded fund (ETF) has reignited interest in the asset. The SEC has acknowledged Canary Capital's proposal for a Litecoin ETF, boosting community confidence that it may eventually be listed on exchanges. If approved, this would mark a significant milestone for Litecoin. The key question now is whether LTC can maintain this momentum into the next month.

Cardano Price Forecast: ADA to retake $1.20 on US Fed decision and Litecoin ETF progress

Cardano price rose 6% on Thursday, grazing the $1 mark, as crypto markets shook off a sluggish start to the week. The US Fed rate pause and progress of Litecoin ETF approval rumors were major catalysts. Cardano is on course to register two consecutive green candles for the first time since January 17, signalling a local bottom formation.