SEC Acknowledges Canary Capital’s Litecoin ETF Application
In the key approval signal, SEC officially confirmed the 19B-4 application Litecoin ETF of Canary Capital. This is the first ALTCOIN ETF after Ethereum accepted this nod, and it locks the committee before approval or rejecting its deadline.
These ETF rumors have caused another surge in LTC prices. This gesture of SEC is a very positive signal, but the committee has not solved most other Altcoin ETF applications.
Golden Capital: The first Litecoin ETF?
one Litecoin ETF is sometimes considered Altcoin ETF’s “dark horse candidate”, but it has believers. ETF analyst Eric Balchunas and James Seyffart claimed that this was It is more likely to win recognition than solana or XRPThis prediction is fruit.
Today, seconds admit Jinsaku Capital 19B-4 Submit LTC ETFEssence
“This is Altcoin 19B-4; the rest are withdrawn by Gensler’s SEC. Invest in SEC’s comments on S-1, this document is the farthest comment on all boxes so far. SEC is waiting for 240 days or faster approval. mediaEssence
During the ETF approval process of the SEC, this special milestone is particularly noteworthy. As Balchunas Explain About the previous failure Sorana ETF attempt, the 19B-4 recognition was locked in the strict deadline.
Regardless of the intervention process, this Litecoin ETF will be approved or rejected within the next 240 days.
Naturally, these ETF rumors have already been Impact on the price of LitecoinEssence back Nasdaq submitted this form for the first time 19B-4this The value of LTC increased by 12 %Essence
ETF issuer GrayScale submitted his application last week, which also helps assets. Today, SEC’s 19B-4 thanks has maintained this trend through new long-term power.
Nevertheless, this simple gesture does not guarantee the success of the Litecoin ETF of Canary Capital. Since the resignation of Gary Gensler A series of Altcoin ETF applications Has reached the SEC, including Many successful opportunitiesEssence
SEC’s action here will become important data points. Even if the SEC starts to approve Altcoin ETF, it may not accept all these ETFs.
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