Litecoin Positioned to Become Third US Spot Crypto ETF: Report
2025-01-17
Category: None

The US Securities and Exchange Commission (SEC) might consider approving spot Litecoin ETFs under the regulator’s new leadership.
According to Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence, the regulator might be engaging with Litecoin (LTE) exchange-traded fund (ETF) filing.
“Canary Funds just filed an amended S-1 for their Litecoin ETF filing,” Seyffart wrote on X. “No guarantees — but this might be indicative of SEC engagement on the filing.”
NEW: just filed an amended S-1 for their Litecoin ETF filing. No guarantees — but this might be indicative of SEC engagement on the filing. Still no 19b-4 filing yet though(A 19b-4 would actually start the potential approval/denial clock) h/t — James Seyffart (@JSeyff) 
This week, Nasdaq and crypto investment firm Canary Capital Group submitted new . This means that the regulator is forced to approve or reject the crypto products this year.
“Litecoin ETF now has all the boxes checked,” Balchunas noted. He added that there are chances that the first altcoin ETF of 2025 “is about to be on the clock.”
If approved, the move signals a potential expansion of the crypto ETF landscape beyond Bitcoin and Ethereum.
Further, S-1 registration statement noted that the proposed ETF would hold actual Litecoin rather than futures contracts. Coinbase Custody Trust Company and BitGo Trust Company would serve as custodians, it added.Litecoin Rallies Over 18% in 24 Hours
According to CoinMarketCap , the altcoin has shown a strong performance in the past day and the week. The token’s trading volume jumped by over 250% in the past day alone.
The surging gains were the result of excitement over the ETF filings. The speculation has sparked significant buying from both institutional and retail investors.
At the time of writing, Litecoin traded at $136, up 18% in the past day. Additionally, the token’s trading volumes have soared more than 250% to $1.83 billion.Caption: CoinMarketCap
Besides, on-chain data from Santiment indicates that large investors – whales and sharks – have been actively accumulating Litecoin.
“Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ $LTC.”
⚡️📈 Litecoin has decoupled from other altcoins, jumping +16.1% in market cap in just the past 11 hours. Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ . They have accumulated 250K coins since Jan. 9th. 👀 — Santiment (@santimentfeed) 
These whales have added 250,000 coins to their holdings since Jan 9, Santiment added.