CoinShares' application for a Litecoin ETF is under review by the U.S. Securities and Exchange Commission (SEC) following Nasdaq's filing. The proposed ETF, which aims to track Litecoin's performance, would hold Litecoin and cash and allow for the creation and redemption of shares. The SEC will assess market surveillance, investor protections, and compliance measures during the review period, which can last up to 90 days or more. If approved, the ETF would provide regulated Litecoin exposure without direct custody. Analysts have projected Litecoin as a frontrunner for spot crypto ETF approval.



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