The U.S. Securities and Exchange Commission (SEC) is reportedly set to approve the first Exchange Traded Fund (ETF) for Litecoin. The S-1 application for the Litecoin ETF has received a response from the SEC, suggesting that Litecoin is likely to be the next approved cryptocurrency ETF. However, it is noted that the new SEC chair has yet to take office, which could impact the approval process. In addition to this news, Grayscale Litecoin Trust raised $2.3 million through the private placement of new shares. If approved, Litecoin will join Bitcoin and Ethereum as approved ETFs, while Solana and Ripple ETFs are awaiting regulatory approval.



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