In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing of a spot Litecoin exchange-traded fund (ETF) by Canary Capital. This recognition marks a potential shift in regulatory acceptance of altcoin ETFs, as the SEC opens a public comment period to gather insights and feedback from stakeholders.

The acknowledgment follows Nasdaq's submission of a Form 19b-4 on January 16, 2025, an essential step for exchanges seeking approval for new financial products. The public comment period will last for 21 days after the proposal is published in…