#SEC Misses $LTC ETF Deadline Amid Government Shutdown


The Securities and Exchange Commission took no action Thursday on Canary Capital's spot $LTC exchange-traded fund application, missing its original decision deadline. The silence has left the crypto community uncertain about regulatory operations during the federal government shutdown.


Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that old 19b-4 deadlines for #cryptoETF applications may no longer be relevant. The #SEC has asked applicants to withdraw these forms, leaving the S-1 registration statement as the sole document requiring approval.


The government shutdown adds another layer of complexity to the situation. In August, the SEC posted an operation plan stating it would not review or approve applications for registration during a shutdown, including new financial products and self-regulatory organization rule changes.


Canary withdrew its 19b-4 application on Sept. 25 at the SEC's request, which may have contributed to Thursday's inaction. The impact on applicants who haven't withdrawn that document remains unclear at this time.


The SEC stated it would continue operating with a very limited number of staff members available during the shutdown. The agency's Electronic Data Gathering, Analysis and Retrieval database will remain operational throughout the period.


The market has been anticipating the potential approval of several new spot crypto #ETFs including $LTC, $SOL, $XRP, $AVAX, $LINK and $DOGE. Any approval would add to existing U.S. spot $BTC and $ETH ETFs.

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October 03, 2025 at 5:34 PM
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