Canary Funds Advances Litecoin ETF Plans With Revised Application

According to PANews, Bloomberg ETF analyst James Seyffart announced that Canary Funds has submitted a revised S-1 application to advance its plans for a Litecoin Exchange-Traded Fund (ETF). Although the crucial 19b-4 form, which initiates the approval process, has not yet been filed, the revision may indicate that the Securities and Exchange Commission (SEC) is engaging with Canary, which is seen as a positive sign. If approved, the Litecoin ETF would provide investors with easier access to digital assets by tracking the price of LTC. However, there is currently no clear timeline for the process, as it awaits the submission of the 19b-4 form and an official response from the SEC.