In a significant step toward launching a Litecoin exchange-traded fund (ETF), Canary Funds has submitted a revised application to the U.S. Securities and Exchange Commission (SEC). This move comes after the SEC rejected their initial proposal, prompting the investment firm to address regulatory concerns and bolster its chances of approval.

The revised application marks a renewed effort to provide investors with a regulated pathway to invest in Litecoin (LTC), one of the oldest and most established cryptocurrencies. Analysts suggest that the SEC’s evolving stance on cryptocurrency funds, particularly following recent approvals of Bitcoin futures ETFs, could…