Bloomberg ETF Analyst Eric Balchunas stated that Canary Funds has submitted a revised Litecoin ETF S-1 application, and the U.S. Securities and Exchange Commission (SEC) seems to have responded to it, which may confirm the possibility of Litecoin becoming the next approved digital currency. However, the critical 19b-4 document, which will officially initiate the approval or rejection process, has not yet been submitted.

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