SEC Edges Closer to Decision on Canary Capital’s Litecoin ETF

A verdict on Canary Capital’s proposed Litecoin exchange-traded fund (ETF) is getting closer following the U.S. Securities and Exchange Commission’s (SEC) formal acknowledgment of its 19b-4 filing.

In a Jan. 29 X post, Bloomberg analyst James Seyffart confirmed reports that the SEC had acknowledged Canary Capital’s Litecoin ETF proposal.

On Jan. 15, Nasdaq filed a 19b-4 with the SEC on behalf of Canary Capital for a Litecoin ETF, marking a key step in the approval process.

Bloomberg ETF Analyst Eric Balchunas commented on the post on X, saying it is the “first altcoin 19b-4 to be acknowledged by the SEC as the rest were told to withdraw.”

Meanwhile, the SEC has invited public comments on the filing, according to a document posted on Jan 29th. The comments are due 21 days after publication in the Federal Register.

“Throw in the comments from SEC on the S-1 and this filing is by far the furthest along checking all the boxes. Q now is will this SEC wait the full 240 days or approve more rapidly. Unknown,” Balchunas said on X.