Canary Capital has submitted a 19b-4 form to Nasdaq to list and trade a spot Litecoin (LTC) exchange-traded fund (ETF). This would be the first altcoin ETF approved in 2025, marking an important milestone for cryptocurrency-based financial products. The SEC now has 45 days to approve or disapprove the ETF, with US Bancorp Fund Services named as the administrator. Coinbase Custody Trust and BitGo will serve as custodians for Litecoin holdings. Analysts believe that Litecoin's status as a commodity and lack of regulatory challenges increase the likelihood of approval. Bloomberg analysts view the engagement from the SEC as a positive sign for approval prospects, and they expect a wave of ETF approvals in 2025, with Litecoin among the top candidates.



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