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.

Litecoin (LTC) has seen a strong surge in price, jumping 18% in the past 24 hours to $120.56, fueled by growing speculation that the cryptocurrency could soon receive regulatory approval.

Senior Bloomberg ETF analyst Eric Balchunas predicts that Litecoin is the most likely cryptocurrency to receive a U.S. ETF approval next, following recent updates to its S-1 filing with the SEC.

Grayscale Investments has revised its Litecoin Trust filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in efforts to launch a spot Litecoin exchange-traded fund (ETF).

Canary Capital’s Litecoin ETF could receive the Security and Exchanges Commission’s approval soon. According to Bloomberg Analyst Eric Balchunas, Canary Capital recently received feedback from the US regulator on its S-1 form-filling,