Why Is Canary Litecoin ETF Approval by US SEC This Week Crucial for Crypto Market?

After approving the Generic Listing Standards a few weeks ago, the U.S. Securities and Exchange Commission (SEC) could approve multiple spot exchange-traded funds (ETFs) for altcoins this week, starting with the Canary spot Litecoin ETF. This would set the stage for the “Uptober” rally in the crypto market.