Reported about 9 hours ago
The U.S. Securities and Exchange Commission (SEC) has acknowledged Canary Capital's proposal for a spot Litecoin (LTC) exchange-traded fund (ETF), marking a significant advancement toward potential approval. This sets the stage for public comments and introduces the possibility of Litecoin becoming the third cryptocurrency, following Bitcoin and Ethereum, to receive an ETF in the U.S. Following this news, Litecoin's price surged, highlighting market optimism about the upcoming decision, which could take up to 240 days as the SEC reviews various factors before reaching a final verdict.
Source: YAHOO