Canary Capital has filed an amendment to its S-1 registration form for a Litecoin ETF, indicating ongoing discussions with the US Securities and Exchange Commission (SEC). This has sparked optimism and speculation that the SEC has responded to the company's application. Notably, senior ETF analysts Eric Balchunas and James Seyffart suggest that a Litecoin ETF is the most likely contender for the next spot crypto ETF approval. While the forthcoming shift in SEC leadership brings uncertainties, the choice of Paul Atkins as former SEC commissioner by President-elect Donald Trump has fueled further hope. A Litecoin ETF approval could have a significant impact on the market, as large holders of Litecoin continue to accumulate the cryptocurrency, and trading activity has sharply increased.



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