{"id":146889,"date":"2025-01-16T15:00:53","date_gmt":"2025-01-16T13:00:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146889"},"modified":"2025-01-16T13:17:18","modified_gmt":"2025-01-16T11:17:18","slug":"litecoin-etf-inches-closer-to-approval-amid-growing-market-buzz","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/litecoin-etf-inches-closer-to-approval-amid-growing-market-buzz\/","title":{"rendered":"Litecoin ETF Inches Closer to Approval Amid Growing Market Buzz"},"content":{"rendered":"<p>The amended S-1 registration form, submitted after initial filing in October 2024, indicates potential engagement with the Securities and Exchange Commission (SEC), sparking optimism among industry watchers.<\/p>\n<p>The updated proposal names U.S. Bancorp Fund Services as administrator and Coinbase Custody Trust alongside BitGo as custodians for the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/litecoin\/\">Litecoin<\/a> <\/strong>held by the fund. Bloomberg ETF analyst Eric Balchunas <strong><a href=\"https:\/\/x.com\/JSeyff\/status\/1879659953822347736?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1879659953822347736%7Ctwgr%5E50493ac1040bc4b20afcca64062b42efa986459b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Flitecoin-etf-likely-next-spot-crypto-etf-to-get-sec-nod-bloomberg-analyst%2F\">believes<\/a> <\/strong>Litecoin could be the next cryptocurrency ETF to gain approval, though the absence of a formal 19b-4 filing leaves the timeline uncertain. Fellow analyst James Seyffart suggested the SEC may already be reviewing the application based on the amendments.<\/p>\n<p>Leadership changes at the SEC add complexity to the process. With Gary Gensler stepping down and Paul Atkins, a crypto-friendly nominee, awaiting confirmation, the regulatory approach could shift. Analysts view this transition as a significant factor influencing the ETF\u2019s approval.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/how-stablecoins-became-the-new-face-of-crypto-crime\/\" title=\"How Stablecoins Became the New Face of Crypto Crime\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexcels-crime-hack-36-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">How Stablecoins Became the New Face of Crypto Crime<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Litecoin, one of the oldest and most stable blockchains, saw a price surge of over 18% following news of the filing update, trading at $119.46. The excitement reflects growing market interest in altcoin ETFs, fueled by the success of spot Bitcoin and Ethereum ETFs. Experts predict such products could drive billions in institutional investments if approved, further advancing crypto adoption.<\/p>\n<p>Although the updated filing signals progress, the next steps, including a 19b-4 submission, remain key to determining the ETF\u2019s fate. As the SEC\u2019s decision looms, the anticipation surrounding Litecoin\u2019s potential approval highlights the broader momentum for crypto-focused financial products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The approval of a Litecoin ETF in the U.S. may be on the horizon, with analysts pointing to promising signs following an updated filing by Canary Capital.<\/p>\n","protected":false},"author":7,"featured_media":104386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-146889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Litecoin ETF Inches Closer to Approval Amid Growing Market 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