PANews reported on January 16 that Bloomberg ETF analyst James Seyffart tweeted that Canary Funds has submitted a revised S-1 application to advance its Litecoin ETF (Exchange Traded Fund) plan. Although Form 19b-4 (a key document to initiate the approval process) has not yet been submitted, the revised version may indicate that the SEC is approaching Canary, which is a positive signal.

If the Litecoin ETF is approved, it will provide investors with more convenient exposure to digital assets by tracking the price of LTC. However, there is still no clear timetable, and we need to wait for the submission of Form 19b-4 and the official response of the SEC.