“Could Litecoin Become the Next Cryptocurrency with an ETF Listing?”

As President-elect Donald Trump’s inauguration draws near, optimism builds in the crypto space, with many expecting a surge in pro-crypto policies, including the potential approval of new cryptocurrency ETFs. Among the frontrunners is Litecoin (LTC), which could soon receive its own exchange-traded fund (ETF) following recent developments.

Canary Funds’ amended filings for a Litecoin ETF have raised hopes, as they suggest that the U.S. Securities and Exchange Commission (SEC) might be engaging with the application. Bloomberg Intelligence analysts Eric Balchunas and James Seyffart have pointed out that the filing’s amendments could be an encouraging sign that the SEC is moving forward with the review process.

The discussions surrounding Litecoin’s ETF have intensified, with the Nasdaq filing a 19b-4 form for the Litecoin ETF. This step forces the SEC to either approve or reject the filing within a year. As a result, the cryptocurrency has seen a surge, with Litecoin rising by 18% over the past 24 hours.

LTC, although the 11th largest cryptocurrency by market capitalization, has several factors working in its favor. As a fork of Bitcoin, Litecoin shares the same basic principles, including a Proof-of-Work consensus mechanism. Importantly, the SEC has not classified Litecoin as a security, unlike other cryptocurrencies such as Solana (SOL) and Ripple (XRP), which are facing ongoing legal scrutiny.

If Litecoin’s ETF is approved, it could pave the way for other cryptocurrencies to follow suit, with Bitcoin and Ethereum ETF combinations likely to be the first, followed by Litecoin, and potentially other coins like HBAR. The shift in the SEC’s stance under new leadership is expected to play a pivotal role in how cryptocurrency ETFs are regulated moving forward.