Eric balchunas etf connect
Eric balchunas etf connect
Etf discount!
Why Litecoin Might Be the Next Crypto to Get Its ETF
With U.S. President-elect Donald Trump only four days away from inauguration and new leadership coming to the Securities and Exchange Commission (SEC), additional cryptocurrencies may soon join bitcoin (BTC) and ether (ETH) and receive their own spot exchange-traded funds (ETFs).
Of these, litecoin (LTC) is likely to be the first to receive the nod, according to Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence.
“Canary Funds just filed an amended S-1 for their litecoin ETF filing.
No guarantees — but this might be indicative of SEC engagement on the filing,” Seyffart posted on X.
“We had heard chatter that the litecoin S-1 had gotten comments back from the SEC,” Balchunas wrote, adding that the amended filing “bodes well for our prediction that litecoin is most likely to be the next coin approved.”
Furthermore, the Nasdaq stock exchange filed a 19b-4 form for Canary Funds' litecoin ETF on Thu