SEC Responds to Litecoin ETF Filing as Market Eyes Approval

Eric Balchunas observed the SEC has responded to Litecoin’s S-1. The SEC’s response suggests a potential Litecoin ETF could be on the way. History shows the SEC’s response does not guarantee an ETF approval for Litecoin. Bloomberg’s Senior ETF Analyst, Eric Balchunas, observed that the SEC has responded to Litecoin’s S-1, signaling the possibility of approving the cryptocurrency’s ETF application. Balchunas believes this response makes it more likely that Litecoin will be the next coin to have its ETF application approved. We had heard chatter that the Litecoin S-1 had gotten comments back from SEC. This looks to confirm that which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, new SEC chair has yet to start and that's a huge variable. https://t.co/cKFswPwcr0 — Eric Balchunas (@EricBalchunas) January 15, 2025 Related: First Spot Litecoin ETF Filed with SEC by Canary Capital Balchunas observed this after James Seyffart, a renowned asset manager, highlighted Canary Funds’ filing of an amendment to their Litecoin ETF proposal. Seyffart acknowledged that the amendment doesn’t guarantee … The post SEC Responds to Litecoin ETF Filing as Market Eyes Approval appeared first on Coin Edition .