SEC acknowledgement has pushed Litecoin ETF towards approval

In the past month, there has been a noticeable increase in the US Securities and Exchange Commission (SEC) Its crypto-policy has been radically changed. This is going to revolutionize its offering in the United States. In fact, an expert noted that a recent SEC recognition has a Litecoin ETF edging closer.

Two other important documents were also filed by the agency. First, the agency acknowledged two key filings. Grayscale’s The first was for the LTC ETF and the second, a request to redeem in kind on BlackRock’s Bitcoin ETF. Both filings are likely to get approved after this development.

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SEC brings Litecoin Exchange Traded Fund and Bitcoin in-Kind Redemptions closer to approval

The election of Donald Trump as US President has drastically changed the country’s policy on crypto. The country’s first crypto-friendly president has returned to the White House with his election. It’s only been two months since he began his second term.

Today, the process of approving key crypto-investment products moved forward. In fact, two crucial filings have been acknowledged by the SEC, bringing a Litecoin ETF a little closer to a “green light”.

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Bloomberg Erich Balchunas, The development process is a crucial part. Analysts noted in a tweet to X.com (formerly Twitter) that the Litecoin ETF had now reached 50,000 shares. “all the boxes checked.” It also reaffirms that LTC is the foundation for the launch of the first ETF in 2025.

The same has happened with this step. BlackRock iShares Bitcoin ETF (IBIT). The product was originally called “greatest launch in ETF history” It was the main reason why BTC gained momentum in 2024. This change allows investors to receive Bitcoin directly during redemption rather than having the currency converted into cash.