Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval

Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to gaining the regulator’s approval for a spot Litecoin ETF.

A so-called form 19b-4, required to be filed by the exchange that would list the fund, was submitted on Wednesday, shortly after an updated registration application known as an S-1 was filed by Canary, a new digital asset-focused investment firm. The SEC must sign off on both before an ETF can start trading.

“This 19b-4 filing from Nasdaq gets things rolling downhill with the SEC, but the SEC still has ...