The Nasdaq has filed a form to begin trading a Litecoin ETF from Canary Capital, following an amendment to the firm's S-1 form. Analysts believe that the SEC will soon approve the fund, making it the first altcoin ETF of 2025. Approval of the Litecoin ETF could have a significant impact on the asset's price, which has recently faced bearish pressures. However, some analysts believe that a Litecoin ETF may not generate as much engagement as other altcoin ETFs due to the protocol's lack of development compared to other networks. Canary Capital would have a first-mover advantage if their Litecoin ETF is approved, but long-term success is not guaranteed. Despite this, the rumors have already led to price jumps and increased interest.



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