Canary Capital’s amended S-1 filing for its proposed Canary Litecoin exchange-traded fund (ETF) has raised optimism among analysts that Litecoin could be the next digital asset approved for a crypto ETF in the U.S., following Bitcoin and Ether in 2024. Analysts from Bloomberg note that the filing aligns with ongoing discussions about a Litecoin ETF being reviewed by the SEC. Canary's S-1 amendment suggests SEC feedback has been received, advancing the application process, but it must be accompanied by a 19b-4 filing to initiate the approval process. Meanwhile, Solana ETF applications are reportedly ahead in this regard. The recent spike in Litecoin’s value, climbing over 15%, is attributed to significant buy-ins by Litecoin investors. Notably, this optimism coincides with the incoming Biden administration, which is viewed as more supportive of crypto regulations, hinting at a potentially friendlier environment for cryptocurrency approvals moving forward.

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