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The U.S. Securities and Exchange Commission (SEC) has opened a comment period for Canary Capital’s proposed Litecoin exchange-traded fund (ETF), which may potentially pave the way for the first-ever Litecoin ETF listing in the United States.
In this recent development, the SEC announced that it will be soliciting comments from the public on Canary Capital’s proposal to list an ETF that tracks the price of Litecoin. This move suggests that Litecoin might become the third spot crypto asset in the United States to receive the crypto ETF treatment after Bitcoin and Ether.
Following the acknowledgment by the SEC, the price of Litecoin surged 18.4%, with the digital currency trading at $132.69 as of press time.
Source: zycrypto.com
