{"id":10448,"date":"2025-01-30T09:46:50","date_gmt":"2025-01-30T09:46:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10448"},"modified":"2025-01-30T09:46:50","modified_gmt":"2025-01-30T09:46:50","slug":"sec-seeks-public-input-on-canary-litecoin-etf-ahead-of-decision","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10448","title":{"rendered":"SEC Seeks Public Input On Canary Litecoin ETF Ahead Of Decision"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">The US Securities and Exchange Commission (SEC) is inviting public comments on the Canary Litecoin ETF, signaling progress in the agency\u2019s decision-making process regarding its approval or rejection.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to a 29 January 2025 filing, the SEC has set a 21-day public comment period following the proposal\u2019s publication in the Federal Register. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The move follows Nasdaq\u2019s 19b-4 filing on Jan. 16, <\/span><span data-preserver-spaces=\"true\">which is<\/span><span data-preserver-spaces=\"true\"> a critical step in the two-stage approval process for a spot crypto ETF. The 19b-4 form, submitted by exchanges on behalf of issuers, triggers the SEC\u2019s review process once acknowledged and published.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Nasdaq\u2019s Filing Becomes First Altcoin ETF To Reach Key SEC Review Stage<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Eric Balchunas, a senior ETF analyst at Bloomberg, noted on X that Nasdaq\u2019s filing marks the first altcoin ETF to reach this stage. He highlighted that, alongside the SEC\u2019s feedback on the S-1 filing, the application is farther along than any previous attempt to launch an ETF for a cryptocurrency beyond Bitcoin and Ethereum.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe key question now is whether the SEC will use the full 240-day review period or approve it more quickly,\u201d Balchunas wrote, adding that the outcome remains uncertain.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 and this filing is by far the furthest along checking all the boxes. Q now is will this SEC wait the full 240 days or approve more rapidly. Unknown. <a href=\"https:\/\/t.co\/iXwq9PkLGr\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/iXwq9PkLGr<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1884715097240854571?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The SEC is currently reviewing multiple crypto ETF applications, including those linked to Solana (SOL) and XRP, <\/span><span data-preserver-spaces=\"true\">as well as<\/span><span data-preserver-spaces=\"true\"> more speculative proposals, such as leveraged memecoin ETFs tied to Donald Trump and Melania Trump\u2019s brands ahead of a potentially crypto-friendly Trump administration.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Under the leadership of Acting Chair Mark Uyeda, the SEC has shifted from the crypto-skeptic stance of former Chair Gary Gensler. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Uyeda recently appointed Republican Commissioner Hester Peirce to lead a newly formed crypto task force, further signaling a potential regulatory shift.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The SEC previously approved Bitcoin ETFs in January 2024, followed by Ethereum ETFs later that year, raising industry expectations for broader crypto ETF approvals.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">BlackRock\u2019s Spot Bitcoin ETF Saw Over $37 Billion In Net Inflows In 2024<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">BlackRock\u2019s iShares Bitcoin Trust (IBIT) emerged as the dominant player in the cryptocurrency ETF market, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/blackrocks-spot-bitcoin-etf-saw-over-37-billion-in-net-inflows-in-2024\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">recording over $37 billion<\/span><\/a><span data-preserver-spaces=\"true\"> in net inflows in 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC) secured the second spot at nearly $12 billion in net inflows. Other major Bitcoin funds also saw notable inflows over the past year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BlackRock\u2019s dominance extended beyond Bitcoin ETFs. Its iShares Ethereum Trust (ETHA) also led the pack in the Ether ETF category, pulling in $3.5 billion in net inflows. Fidelity\u2019s Ethereum Fund (FETH) followed with $1.5 billion.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/buy-bitcoin\/anonymously-without-id\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Buying and Using Bitcoin Anonymously \/ Without ID<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/sec-seeks-public-input-on-canary-litecoin-etf-ahead-of-decision\/\">SEC Seeks Public Input On Canary Litecoin ETF Ahead Of Decision<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission (SEC) is inviting public comments on the Canary Litecoin ETF, signaling progress in the agency\u2019s decision-making process regarding its approval or rejection. According to a 29 January 2025 filing, the SEC has set a 21-day public comment period following the proposal\u2019s publication in the Federal Register. The move follows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10448","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10448"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10448\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}