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SEC Delays Decision on Canary Spot Litecoin ETF

Solomon M. by Solomon M.
June 5, 2025
in Altcoin News
Key Points:
  • The SEC delays decision on a Litecoin ETF.
  • LTC price drops slightly post-announcement.
  • Cautious optimism exists for a 2025 approval.
sec-delays-decision-on-canary-spot-litecoin-etf-2
SEC Delays Decision on Canary Spot Litecoin ETF

The postponement indicates ongoing SEC scrutiny on crypto ETFs, impacting market sentiment directly. LiteCoin experienced a subtle decline in value following the news but broader crypto markets remained largely unaffected.

The U.S. SEC delayed the decision on Canary Capital’s spot Litecoin ETF, requesting public comments on whether the proposal addresses potential “fraudulent and manipulative acts and practices.” James Seyffart, Bloomberg analyst, had previously anticipated such a delay, considering the SEC’s history with crypto ETFs.

“I predicted that the SEC would postpone making a decision on the Litecoin ETF, as it had done with XRP and other crypto ETFs. Litecoin, in my opinion, is the asset with the best chance of receiving early approval, and I continue to give it a 90% chance for 2025.” – James Seyffart, Senior ETF Analyst, Bloomberg

The SEC Chair, Paul Atkins, leads the agency during this period of uncertainty and potential regulatory shifts. Following the delay, LiteCoin (LTC) experienced a 2.2% decrease in value, highlighting market sensitivity to regulatory developments. The broader market reaction was limited, as similar delay patterns have been observed with prior crypto ETF filings, including Bitcoin and Ether. These decisions typically coincide with minor price declines, although optimism for future approvals continues.

Historically, Layer 1 tokens, such as BTC and ETH, have shown resilience during similar delay phases, often stabilizing and eventually gaining post-approval. Canary Capital’s initiative remains a focal point as analysts await the SEC’s final decision, anticipated by Seyffart with a high likelihood of approval in 2025, suggesting potential significant market movements.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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