{"id":20781,"date":"2025-01-30T12:55:48","date_gmt":"2025-01-30T10:55:48","guid":{"rendered":"https:\/\/forklog.com\/en\/sec-accepts-nasdaqs-application-for-canarys-litecoin-etf\/"},"modified":"2025-01-30T12:55:48","modified_gmt":"2025-01-30T10:55:48","slug":"sec-accepts-nasdaqs-application-for-canarys-litecoin-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-accepts-nasdaqs-application-for-canarys-litecoin-etf\/","title":{"rendered":"SEC Accepts Nasdaq&#8217;s Application for Canary&#8217;s Litecoin ETF"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has accepted a 19b-4 form application from Nasdaq to amend rules that would allow the listing of a spot Litecoin ETF by Canary Capital.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 and this filing is by far the furthest along checking all the boxes. Q now is will this SEC wait the full 240 days or approve more rapidly. Unknown. <a href=\"https:\/\/t.co\/iXwq9PkLGr\">https:\/\/t.co\/iXwq9PkLGr<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1884715097240854571?ref_src=twsrc%5Etfw\">January 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The agency has requested public comments, with the feedback period lasting 21 days following the document&#8217;s publication in the Federal Register.<\/p>\n<p>Canary <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-analyst-sees-strong-odds-of-a-litecoin-etf-approval\">submitted<\/a> an S-1 form for the registration of an LTC-ETF in October 2024. According to Bloomberg exchange analysts Eric Balchunas and James Seyffart, the SEC has <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-analyst-sees-strong-odds-of-a-litecoin-etf-approval\">begun discussions<\/a> on the proposal, and the company is already making the required adjustments.<\/p>\n<p>The launch of the exchange product will be possible after the regulator approves both documents, but only after the registration of the 19b-4 will the countdown for the agency&#8217;s final decision begin.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The question now is whether the SEC will wait the full 240 days or approve more rapidly. Unknown,&#8221; noted Balchunas.<\/p>\n<\/blockquote>\n<p>He emphasized that among all potential issuers of such altcoin-based products, Canary has &#8220;advanced the furthest on all fronts.&#8221;<\/p>\n<p>The price of Litecoin rose by more than 13% in a day. By comparison, Bitcoin&#8217;s value increased by 2.6% during the same period, while the total market capitalization of the crypto market grew by only 0.7%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"624\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-1024x624.jpg\" alt=\"Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome\" class=\"wp-image-250795\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-1024x624.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-300x183.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-768x468.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Litecoin-Price-LTC-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome.jpg 1164w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/litecoin\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The SEC is currently reviewing at least five applications for a Solana ETF\u2014from <a href=\"https:\/\/forklog.com\/en\/news\/solana-reaches-all-time-high-amid-four-sol-etf-listing-applications\">VanEck, 21Shares, Canary, Bitwise<\/a>, and Grayscale.<\/p>\n<p>In November, <a href=\"https:\/\/forklog.com\/en\/news\/21shares-seeks-sec-approval-for-spot-xrp-etf\">21Shares<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-files-for-spot-xrp-etf-registration\">Bitwise<\/a> filed documents to launch spot XRP products. The latter <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-seeks-approval-for-doge-etf\">took<\/a> steps in January 2025 to register a DOGE-ETF.<\/p>\n<p>Industry experts have <a href=\"https:\/\/forklog.com\/en\/news\/experts-anticipate-solana-etf-launch-by-2025s-end\">optimistically assessed<\/a> the prospects for the approval of new crypto funds in the U.S., pointing to <a href=\"https:\/\/forklog.com\/en\/news\/trump-expands-administration-with-bitcoin-friendly-appointees\">personnel changes<\/a> in the government and the <a href=\"https:\/\/forklog.com\/en\/news\/gary-genslers-departure-a-retrospective-on-the-sec-chairs-tenure\">departure of SEC head<\/a> Gary Gensler from his position.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has accepted a 19b-4 form application from Nasdaq to amend rules that would allow the listing of a spot Litecoin ETF by Canary Capital. First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,209,768,128],"class_list":["post-20781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-litecoin","tag-nasdaq","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20781"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20780"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}