SEC's Involvement in Solana ETF and Litecoin ETF Developments

According to Odaily, FOX Business journalist Eleanor Terrett reported on X that the Solana ETF had involvement from SEC staff, but the 19b-4 filing was subsequently rejected. This occurred a few weeks ago under the leadership of Gary Gensler, who is set to leave his position in three working days. The current status and timeline of LTC, XRP, and SOL ETFs are of interest. Earlier today, Bloomberg ETF analyst James Seyffart noted that Canary Capital submitted an S-1 amendment for its Litecoin ETF application. While this does not guarantee approval, it may indicate that the SEC is reviewing the application. However, Canary Capital has not yet submitted the 19b-4 filing, which is crucial for initiating the approval or rejection process. Bloomberg ETF analyst Eric Balchunas mentioned that the SEC has responded to the S-1 filing for the Litecoin ETF, supporting predictions that Litecoin might be the next cryptocurrency ETF to receive approval. Despite this, the appointment of a new SEC Chair remains a significant variable in the process.