The SEC recognized the submission of the Canary Capital application for the creation of a Litecoin ETF, which could lead to the first approved ETF for an altcoin in 2025, after the application is reviewed through Nasdaq 📈

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The SEC recognized the submission of the Canary Capital application for the creation of a Litecoin ETF, which could become the first approved ETF for an altcoin, besides Bitcoin and Ethereum, in 2025. The application was submitted through Nasdaq and accepted after a leadership change at the SEC. This move marks the beginning of the official review process, which may take up to 240 days. If the decision is positive, the Litecoin ETF will be an important step in the development of crypto investments in the U.S., opening new opportunities for investors in altcoins.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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