The potential approval of a Litecoin exchange-traded fund (ETF) in the United States is attracting attention. Canary Capital has filed an amended version of its proposal, indicating possible engagement from the U.S. Securities and Exchange Commission (SEC). The filing includes operational details, with U.S. Bancorp Fund Services as the fund administrator and Coinbase Custody Trust and BitGo as the custodians. Analysts believe this development suggests that the SEC has provided feedback on the application. The approval timeline remains uncertain, and it may be influenced by upcoming changes in SEC leadership. If approved, the Litecoin ETF could contribute to increased institutional participation in the cryptocurrency sector.



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