Progress of Litecoin ETF Listing Application and Approval

Litecoin ETF Listing Timeline: Key Information

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I. Litecoin ETF Application and Approval Progress
Application Submission & Review Cycle

  • Critical Dates: On January 17, 2025, Nasdaq (representing Canary Funds) submitted a 19b-4 filing to the SEC for a Litecoin spot ETF, initiating the SEC’s 240-day review period.
  • Process Overview: SEC approval requires two steps:
    • 19b-4 Form (exchange rule change proposal): Requires SEC confirmation and a public comment period.
    • S-1 Filing (registration statement): Requires SEC review of fund structure and disclosures.
      Both must be approved for the ETF to launch.

Current Status

  • SEC Review: The SEC officially accepted the 19b-4 filing on January 29, 2024. Analysts suggest a decision could come within weeks, but the full 240-day window (ending September 2025) remains possible.
  • Custody Arrangements: Coinbase (Litecoin custodian) and U.S. Bank (cash custodian) are confirmed, meeting SEC security requirements.
  • DTCC Listing: Litecoin ETF (ticker: LTCC) was added to the DTCC list on February 23, 2025, though this is a technical step, not final approval.

Regulatory Challenges & Advantages

  • Non-Security Status: Litecoin’s classification as a non-security simplifies compliance.
  • Political Climate: The Trump administration’s SEC Chair nominee (Paul Atkins) could ease approvals, but confirmation delays persist as of March 2025.

II. Market Predictions & Potential Timelines
Optimistic Scenarios

  • 240-Day Deadline: If no delays, approval could occur by September 2025, with trading starting shortly after.
  • Accelerated Approval: Drawing parallels to Bitcoin/ETH ETF timelines (8 months average), Litecoin ETF may launch in Q3/Q4 2025.

Analyst Insights

  • Bloomberg’s Eric Balchunas assigns a 90% approval probability for Litecoin ETF by late 2025, higher than Dogecoin (75%) or Solana (70%).
  • JPMorgan predicts $580M in inflows within the first year post-approval.

Risks & Delays

  • Regulatory Uncertainty: SEC’s stance on crypto ETFs beyond Bitcoin/ETH remains unclear.
  • Market Volatility: SEC may demand additional disclosures if manipulation risks arise.

III. Historical Precedents
Bitcoin & Ethereum ETFs

  • Bitcoin ETF: Approved January 2024 after ~8 months of review.
  • Ethereum ETF: Approved July 2024, with a 2-month S-1 review post-19b-4 approval.

Hong Kong’s Example

  • BTC/ETH ETFs launched in April 2024 with a 2-week approval window, but U.S. processes are more complex.

IV. Summary & Outlook
Key Factors Influencing Litecoin ETF Timing

  • SEC Efficiency: Approval likely by September 2025, potentially earlier.
  • Political Shifts: New SEC leadership’s stance is critical.
  • Market Readiness: Custody solutions and non-security status reduce hurdles.

What to Monitor

  • SEC updates on 19b-4 and S-1 filings.
  • Paul Atkins’ confirmation as SEC Chair.
  • Litecoin’s price volatility and liquidity trends.

Litecoin ETF approval is widely seen as a 2025 crypto milestone, but exact timing hinges on regulatory clarity.


 

原创文章,作者:btc,如若转载,请注明出处:https://www.xf1233.com/a/530

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