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I noticed that the ETF application for LTC actually submitted the key materials as early as mid-January this year. The next day, NASDAQ also submitted the related 19b-4 documents, which means it officially entered the SEC's approval process. The timeline is up to 240 days, which means it could be approved by September 17 at the latest.
Comparing with several other varieties that are currently being discussed in the market, such as XRP and DOGE, the relevant documents for them were mostly updated between June and July, coinciding with this concentrated review period by regulators, and they are still in the early stages. LTC is among those that are "ahead of the curve," so it indeed has a better chance to take the lead in terms of actual implementation.