The US Securities and Exchange Commission (SEC) has formally acknowledged Canary Capital's 19b-4 filing for a Litecoin exchange-traded fund (ETF), making it the first altcoin ETF, after Ethereum, to receive this recognition. This move has caused a spike in Litecoin's price. While a Litecoin ETF was considered a "dark horse candidate," ETF analysts believe it has a higher chance of approval compared to other altcoins. The SEC's acknowledgement of Canary Capital's filing sets a strict deadline of 240 days for approval or rejection. However, this does not guarantee the success of the Litecoin ETF, and the SEC may not approve all altcoin ETF applications.



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