#GasFeeImpact Canary Capital first applied for a Litecoin ETF in October 2024, joining other firms like Grayscale and CoinShares in seeking approval for similar products. Analysts at Bloomberg, Eric Balchunas and James Seyffart, believe the Litecoin ETF has a strong chance of approval, citing Litecoin's classification as a commodity by the Commodity Futures Trading Commission (CFTC). The SEC has also confirmed a separate Nasdaq filing to list a Litecoin ETF by CoinShares, inviting public comments as part of the regulatory process.