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Forget about XRP and Solana! This is the closest Token to ETF approval.
After Canary Capital submitted an application to the SEC, based on Bloomberg analysts' assessment, the US spot Litecoin ETF may be approved.
The transformation of the SEC chairman may play a key role in this process, while Litecoin's reliable infrastructure and fast transaction history are remarkable.
The success of other spot ETFs in the United States encourages more applications for alternative coins.
In the United States, the approval of Litecoin (LTC) exchange-traded funds (ETFs) is seen as a strong possibility. Eric Balchunas, a senior ETF analyst at Bloomberg, said that the Securities and Exchange Commission (SEC) is likely to approve a spot Litecoin ETF. Balchunas, an influential figure like him, made these comments when Canary Capital submitted a revised S-1 form on Wednesday to obtain SEC approval for Litecoin. Analysts say that this development indicates that the SEC is seriously considering the application.