Canary Capital has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin ETF, marking a significant step towards potential approval. Nasdaq has also submitted a 19b-4 form, which initiates the regulatory review process for the ETF listing. Bloomberg ETF analyst Eric Balchunas predicts that a Litecoin ETF is 'highly likely' to be the next spot crypto ETF approved in the U.S., citing the SEC's engagement with the filing and Litecoin's commodity status. The anticipation of the ETF has led to a surge in Litecoin's price, with the cryptocurrency jumping nearly 20% to around $120. The SEC has a 240-day review period for the filing, and the potential approval could be influenced by the incoming SEC chair, Paul Atkins, known for his crypto-friendly stance. The filing process is seen as a precursor to a potential wave of ETF approvals in 2025, which could include mixed ETFs tracking Bitcoin and Ethereum, followed by Litecoin and Hedera.