Breaking: No Litecoin ETF For Now As US SEC Delays Decision On Canary Capital’s LTC ETF
The launch of a Litecoin ETF remains unknown, as the US Securities and Exchange Commission (SEC) has delayed its decision on Canary Capital’s filing to offer one. The Commission also revealed deadlines for comments and rebuttals on the filing.
US SEC Holds Off On Litecoin ETF Decision
In an X post, Journalist Eleanor Terrett revealed that the Commission has delayed making a decision on Canary Capital’s LTC ETF. Following this move, the agency is now seeking a decision on whether Nasdaq’s proposal to list the ETF complies with regulatory requirements. Comments are due by May 26th, while rebuttals are due by June 9th.
Bloomberg analyst James Seyffart had rightly predicted that the SEC would delay a decision on the Litecoin ETF, just like it has done for other crypto ETFs, so far, including Franklin Templeton’s XRP ETF filing. Seyffart noted that if any asset has a chance of an early approval, it is Litecoin.
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