Canary Funds’ amended litecoin ETF filings suggest that the SEC may be reviewing it, leading analysts to predict that litecoin (LTC) could be the next cryptocurrency to gain a spot ETF approval. With U.S. President-elect Donald Trump set to take office and new SEC leadership expected, there is optimism for the approval of more cryptocurrencies alongside bitcoin (BTC) and ether (ETH). Bloomberg ETFs analysts Eric Balchunas and James Seyffart point out that the SEC has never classified litecoin as a security, which differentiates it from other cryptocurrencies facing regulatory scrutiny, such as Solana (SOL) and Ripple (XRP). They expect a wave of ETF approvals in the coming year, with bitcoin and ether likely leading, followed by litecoin due to its classification as a commodity. However, the change in SEC leadership could also impact the regulatory landscape for cryptocurrencies moving forward. Canary Funds is yet to complete the necessary filing process to set a timeline for approval or rejection.

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