The first US spot Litecoin ETF has been trading for nearly eight months, but Canary Capital's LTCC has drawn under $10 million as LTC sits 89% below its all-time high, testing the thesis that altcoin ETF approval automatically translates into institutional inflows.

Canary Capital launched ETFs for both HBAR and LTC, but HBAR rallied while LTC plunged.

It turns out that the “dinos” of crypto, like LTC, XRP and BCH, are outperforming hyped sector assets so far this year.

The Securities and Exchange Commission’s delay of an exchange-traded fund for the Bitcoin clone likely means other digital assets like Solana, XRP and Dogecoin are in for long waits.

LTC surged as broader markets retreated, but the rally may not have legs once an exchange-traded fund is approved, argues Woo Network’s Ben Yorke.

Bloomberg’s Eric Balchunas and James Seyffart call a Litecoin ETF a near-certainty.

The agency has called for the public’s comments on the proposed ETF before it approves or denies it.

Canary Capital’s proposed Litecoin exchange-traded fund took another step as it started the clock on SEC approval.

LTC is rallying after analysts saif they see signs that an ETF proposal is moving ahead at the SEC.

Litecoin became the subject of controversy after its new mascot was launched as a meme coin.