#SEC Delays $LTC ETF Decision and Solicits Public Comments on Canary Proposal


The SEC has delayed its decision on Canary Funds' spot $LTC exchange-traded fund (ETF) proposal and is now seeking public #comments on the filing.


The agency specifically requests input on whether the proposal "is designed to prevent fraudulent and manipulative acts" or raises novel regulatory concerns.


The delay comes amid dozens of crypto ETF proposals under review, with the SEC also postponing decisions on $XRP, $HBAR , and $DOGE ETFs in the past week.


Bloomberg Intelligence analyst James Seyffart had identified Litecoin as having "the best chance for early approval" but correctly anticipated a delay.


Under SEC Chair Paul Atkins, the agency is expected to take a more #cryptofriendly stance, having already dropped several lawsuits against crypto firms and held public roundtables to discuss regulatory frameworks.


  x.com/jseyff/status/1919159854...

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May 06, 2025 at 12:11 AM
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