PANews reported on January 17 that Bloomberg ETF analyst James Seyffart tweeted that the Litecoin ETF applied by Canary may have a better chance of being approved by the US SEC than other crypto asset ETFs, mainly because Litecoin has not been identified as a security by the SEC. He pointed out that the SEC has not yet accepted the recent Solana ETF application, but believes that the approval of the Solana or XRP ETF is only a matter of time.

Currently, Nasdaq has submitted a 19b-4 application to list and trade Canary's Litecoin ETF , and the market is paying attention to whether the SEC will formally accept this application.