Litecoin Surges 11% As SEC Inches Closer To Canary Litecoin ETF Decision
Litecoin surged more than 11% in the last 24 hours as the US Securities and Exchange Commission (SEC) moves closer to a decision on the Canary Litecoin ETF (exchange-traded fund). The LTC price pump made the crypto among the top performing cryptos and pushed its value to $128.11 as of 2:03 a.m. EST. SEC Moves Closer To Decision On Canary Litecoin ETF The SEC has asked for public comments on the proposed Canary Litecoin ETF, bringing the regulator’s decision regarding a potential approval or disapproval one step closer. According to a filing posted yesterday by the agency, the SEC will be soliciting comments and has asked for them to be submitted 3 weeks after publication in the Federal Register. If approved, the ETF will offer investors a regulated and simple way to invest in Litecoin without having to buy and hold the crypto directly. Canary Proposal Is First Altcoin ETF To Be Acknowledged, Bloomberg Analyst Says Nasdaq filed a 19b-4 form for the Canary spot Litec...