Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod
Litecoin's price surged by 18% to $118 amid speculation about a potential ETF approval. Canary Capital filed an amendment to its S-1 registration with the SEC, signaling ongoing discussions regarding a Litecoin ETF. Analysts view this as a positive sign for approval, with Bloomberg's Eric Balchunas identifying it as the "most likely" next crypto ETF contender, despite uncertainties from upcoming SEC leadership changes. Large holders of Litecoin have accumulated an additional 250,000 LTC since January 9, reflecting strong buying activity that has increased trading volume by over 240% to $1.7 billion. Approval of a Litecoin ETF would mark a significant milestone, positioning it alongside Bitcoin and Ethereum as the only cryptocurrencies with US-approved spot ETFs.
