TechFlow reports that on January 17, Bloomberg senior ETF analyst Eric Balchunas said Litecoin ETF has met all approval requirements and is poised to become the first altcoin ETF approved in 2025. Given that the SEC has provided feedback on the S-1 filing, Litecoin is considered a commodity, and with new leadership at the SEC, Balchunas believes the application is unlikely to be withdrawn.
Previously, Nasdaq submitted the 19B-4 filing for the Canary Litecoin ETF, officially initiating the regulatory review process.
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