FOX reporter: After Gary Gensler leaves, LTC, XRP and SOL ETFs may see new progress

Odaily Planet Daily News FOX Business reporter Eleanor Terrett wrote on X: "Solana ETF also received participation from SEC staff, but 19b-4 was subsequently rejected. Admittedly, that was a few weeks ago, when the SEC was still under the leadership of Gary Gensler, who will leave in 3 working days. It will be interesting to pay attention to the status/timetable of LTC, XRP and SOL ETFs." Earlier today, Bloomberg ETF analyst James Seyffart said that Canary Capital submitted an S-1 amendment for its Litecoin ETF application. Although it is not guaranteed, it may indicate that the SEC is paying attention to the application. However, Canary Capital has not yet submitted the 19b-4 document, which is a key step in starting the approval/rejection process. Eric Balchunas, ETF analyst at Bloomberg, said: “We heard that the S-1 filing of the Litecoin ETF has received a response from the SEC, which seems to confirm our prediction that Litecoin is most likely to become the next approved cryptocurrency ETF. That being said, the new US SEC chairman has not yet taken office, which is still a huge variable.”