Will Grayscale LTCcoin ETF be approved soon? SEC officially solicits opinions, proceeding simultaneously with Solana Spot ETF application.

The U.S. Securities and Exchange Commission (SEC) has responded to the LTCcoin Spot ETF conversion application filed by asset management company Grayscale Garyscale, officially opening it for public comment. The SEC has requested that the public submit comments within 21 days after the proposal is published in the Federal Register, and will subsequently decide whether to approve, reject, or further review the ETF proposal. This application was submitted by Grayscale on behalf of the New York Stock Exchange (NYSE) Arca, and is being carried out in parallel with the previous Solana Spot ETF application.

The industry is crazy about submitting applications, with multiple ETF proposals, including Dogecoin, flooding into the SEC.

With the inauguration of (Donald Trump), various regulatory agencies have undergone internal personnel changes, and the market's expectations for the approval of cryptocurrency ETFs have also significantly increased. In addition to Grayscale's application, many asset managers have submitted meme coin ETF proposals to the SEC, such as dogecoin (Dogecoin).

Since the SEC approved the Bitcoin (BTC) Spot ETF in January last year, it has become a key milestone in the cryptocurrency market. The Ethereum (ETH) Spot ETF was also approved that year, making the market more optimistic about the prospects of other cryptocurrency ETFs.

The latest document of the LTCcoinSpot ETF issued by the SEC, the new acting chairman of the SEC has taken office, and the regulatory direction may change.

The crypto market is highly anticipating the SEC's regulatory policy changes, especially after the departure of former SEC chairman Gary Gensler at the start of the Trump administration. Mark Uyeda, a former senior advisor to former SEC chairman Jay Clayton, took over as acting chairman. After Uyeda's appointment, he immediately appointed a representative of the crypto-friendly faction within the SEC, known as the 'crypto mom' Hester Peirce, to organize and lead the new cryptocurrency asset regulatory task force.

SEC's new acting chairman Mark Uyeda and crypto mom Hester Peirce

Peirce also announced on 2/5 that she will focus on clarifying which cryptocurrencies should be considered securities, reforming corporate registration methods, and providing clear guidance for ETF approval standards. This implies that the SEC's regulatory attitude towards cryptocurrencies may change in the future, further affecting applications including Grayscale's LTCcoin ETF.

(Peirce leads SEC's crypto special team: clarifying securities standards, providing legal pathways for coin offerings)

LTC ETF enters a critical review period, market attention on SEC's decision

The approval of Grayscale's LTCcoin ETF by the SEC is still uncertain, but the industry believes that the new management may bring a policy shift, giving more chances for the approval of cryptocurrency ETF applications. Bloomberg analyst James Seyffart also tweeted on 2/7 that the LTCcoinSpot ETF will definitely be the next cryptocurrency ETF approved by the SEC. As the public comment period comes to an end, the SEC's decision in the coming weeks will impact market sentiment and may even affect the fate of future cryptocurrency ETFs such as Dogecoin(.

Bloomberg analyst Seyffart announced on Twitter that the LTCcoinSpot ETF is expected to be approved

) grayscale also play alpha? Announcing the assets under observation of its five major asset classes, PoW public chain Kaspa leading the candidate list (

Is the Grayscale LTC ETF about to be approved? SEC officially solicits opinions, synchronized with the Solana Spot ETF application. First appeared on ChainNews ABMedia.