Litecoin sees a 21% price increase fueled by growing optimism for a U.S. spot ETF approval, with institutional interest and SEC developments driving momentum.

Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to gaining the regulator’s approval for a spot Litecoin ETF.

Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.

Senior Bloomberg ETF analyst Eric Balchunas predicts that Litecoin is the most likely cryptocurrency to receive a U.S. ETF approval next, following recent updates to its S-1 filing with the SEC.

Litecoin ETF is the next cryptocurrency exchange-traded fund (ETF) that could debut in the near future, said Eric Balchunas.

ETF analyst Eric Balchunas stated that S-1 form for Litecoin ETF received a positive response from SEC, indicating its possible launch soon.

Grayscale Investments has revised its Litecoin Trust filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in efforts to launch a spot Litecoin exchange-traded fund (ETF).

Canary Capital’s Litecoin ETF could receive the Security and Exchanges Commission’s approval soon. According to Bloomberg Analyst Eric Balchunas, Canary Capital recently received feedback from the US regulator on its S-1 form-filling,