Nasdaq has taken a significant step toward approval for its spot Litecoin ETF by filing Form 19b-4 with the U.S. Securities and Exchange Commission (SEC). The application for Canary Capital’s “Canary Litecoin ETF” was submitted yesterday, marking the beginning of the SEC’s formal review process. According to the filing, US Bancorp Fund Services, LLC will serve as the ETF’s manager, with US Bank NA overseeing the ETF’s cash assets. Coinbase Custody Trust Company LLC will oversee the fund’s Litecoin holdings. The 19b-4 filing represents the second phase of a two-step process following Canary Capital’s amended S-1 filing earlier the same day. A 19b-4 form is required for an exchange to seek SEC approval on behalf of an ETF issuer, which kicks off the clock on the regulator’s decision-making timeline. Related News: BREAKING: Coinbase Futures Announces the Listing of Three New Altcoins After the SEC approved Bitcoin ETFs in January 2024 and Ethereum ETFs later that year, firms are racing to launch similar products tied to other cryptocurrencies, including Solana and XRP. Citing recent developments, Bloomberg Senior ETF Analyst Eric Balchunas expressed optimism about the chances of a Litecoin ETF. “We had heard that the Litecoin S-1 was receiving comments from the SEC,” Balchunas wrote on X (formerly Twitter). “This bodes well for our prediction that Litecoin will likely be the next coin approved,” he added. Canary Capital initially filed the S-1 for the Litecoin ETF in October 2024. *This is not investment advice. Continue Reading: Spot ETF Hype for Surprise Altcoin: Countdown for SEC’s Decision Begins
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First vote-to-earn meme coin Flockerz raises $10m ahead of exchange debut
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flockerz (FLOCK) raises $10 million in presale ahead of its highly anticipated exchange debut. Table of Contents A community-driven approach to governance Presale nears end, FLOCK’s poised for growth Security and accessibility for investors A standout player in meme coin market Flockerz (FLOCK), the first vote-to-earn (V2E) cryptocurrency, has raised $10 million in its presale. This milestone comes ahead of the token’s upcoming listing on major exchanges, which is driving excitement among investors. Flockerz introduces a governance model where FLOCK holders will actively participate in project decisions and earn rewards for their engagement. This transformative V2E mechanism positions Flockerz as a leader in blending decentralized governance with financial incentives, a model that could reshape the meme coin landscape. A community-driven approach to governance Central to Flockerz’s appeal is its commitment to empowering its community. Dubbed the “People’s Meme Coin,” FLOCK holders will gain access to Flocktopia, a decentralized autonomous organization ( DAO ). Every token holder will have a voice in shaping the project’s future, voting on protocol updates, community proposals, treasury management, and funding allocations. The V2E model will incentivize participation by rewarding voters with additional crypto, fostering active involvement. This approach contrasts sharply with traditional crypto governance structures, often dominated by a few individuals or developers who may prioritize personal interests over community welfare. As FLOCK holders steer the project’s direction, Flockerz sets a precedent for a more equitable and decentralized ecosystem, aligning investor and community interests. You might also like: Dogwifhat down 45% in 30 days, investors rotate into new meme coin Presale nears end, FLOCK’s poised for growth Currently priced at $0.0066883 per token during the presale, FLOCK offers an opportunity for investors to secure tokens before the listing. Market analysts predict substantial price appreciation once the token becomes tradable, fueled by its model and strong community backing. Crypto education platform 99Bitcoins has forecasted a potential price of $0.80 for FLOCK by 2025, representing a massive 119x return. This optimistic outlook draws comparisons to Ponke, a token that surged by over 12,000% within a year. Popular influencer Clay Bro shares similar enthusiasm, highlighting FLOCK’s potential for 100x returns. With over 30,000 followers on X and a growing Telegram community nearing 6,000 members, the buzz surrounding Flockerz is undeniable. Security and accessibility for investors Flockerz prioritizes transparency and investor confidence. Its smart contract has undergone rigorous audits by Coinsult and SolidProof, ensuring robust security. This commitment to trust and reliability enhances its appeal among new and seasoned investors. For those looking to join the Flockerz ecosystem, purchasing FLOCK is straightforward. Investors can visit the official website, connect their wallet, and acquire tokens using ETH, BNB, USDT, or a bank card. Best Wallet, a leading Web3 wallet, simplifies the process with its user-friendly interface and advanced features. Its “Upcoming Projects” screener has already highlighted Flockerz as a promising investment opportunity. Best Wallet users also gain early access to their FLOCK tokens before the official claim date, providing transparency and real-time visibility into their holdings. This added convenience enhances the overall investment experience. A standout player in meme coin market The transformative V2E model, combined with a robust community-driven governance structure, positions Flockerz as a standout player in the meme coin market. By rewarding participation and decentralizing decision-making, Flockerz offers a fresh alternative to traditional meme coins often dominated by speculative hype. As the presale approaches its final days, it has already raised over $10.2 million, showcasing strong investor confidence. With a presale price of $0.0066883, this is an opportunity for investors to secure their shares before Flockerz hits decentralized exchanges on January 22, 2025. For more information on Flockerz, visit their website , X , or Telegram . Read more: Donald Trump: First Sitting U.S. President to HODL meme coins Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. BitcoinSistemi
Traders’ Reactions to Market Swings May Lead to Increased Volatility in Altcoins Compared to Bitcoin, Analyst Suggests
Recent market movements have sparked interest in the underlying dynamics affecting altcoins, as highlighted by analyst insights into reflexivity and market swings. As trading strategies evolve, understanding how altcoins react BitcoinSistemi