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"hot list"Forget XRP and Solana! This is the closest Altcoin to ETF Approval
According to Bloomberg analysts, the possibility of approval of the spot Litecoin ETF in the US seems to have increased after Canary Capital's application to the SEC.
While the possibility of a change in SEC leadership plays a critical role in this process, Litecoin's reliable infrastructure and fast transaction history are noteworthy.
Success of other spot ETFs in the US is encouraging more applications for altcoins.
In the United States, the approval of the exchange-traded fund (ETF) for Litecoin at $117.7 (LTC) is seen as a strong possibility. Bloomberg Senior ETF Analyst Eric Balchunas noted that the likelihood of approval by the U.S. Securities and Exchange Commission (SEC) for the spot Litecoin ETF is high. Balchunas, an important figure like him, made this statement after Canary Capital submitted a revised S-1 form to the SEC for Litecoin on Wednesday. The analyst said that the development indicates that the SEC is seriously considering the application.