{"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":"
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
The updated proposal names U.S. Bancorp Fund Services as administrator and Coinbase Custody Trust alongside BitGo as custodians for the Litecoin<\/a> <\/strong>held by the fund. Bloomberg ETF analyst Eric Balchunas 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 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