• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Hyperliquid Trader James Wynn Expands Bitcoin Bet to $1.25 Billion

    Bybit Predicts Bitcoin’s Rise to $125K by Q2

    Peter Schiff Predicts Central Banks Favor Gold Over Bitcoin

    US Bitcoin ETFs Experience $1.5B Inflows in Two Days

    SEC Reviews Nasdaq’s Bitcoin Index Options Proposal

    BlackRock Drives Historic Bitcoin ETF Inflows

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Cardano Needs 132% Rally to Surpass USDC’s Market Cap

    Nexchain’s 2025 Presale Reaches $2.6 Million Milestone

    XRPL Integrates Batch Transactions in Upcoming Upgrade

    Bitcoin Surge Could Propel XRP to New Highs

    Trump Coin Faces Uncertain Future Amidst Legal Allegations

    Legal Controversy Surrounding TRUMP Coin and Donald Trump

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

SEC Delays Canary Spot LTC ETF Approval

Adriana M. by Adriana M.
March 18, 2025
in Altcoin News
Key Points:

  • SEC delays Canary spot LTC ETF approval.
  • Litecoin price sees minor decline.
  • Analysts maintain high approval odds.

sec-delays-approval-of-canary-spot-ltc-etf
SEC Delays Approval of Canary Spot LTC ETF

The SEC has postponed its decision on the approval of the Canary spot LTC ETF, triggering market speculation and industry discussions. This delay follows a series of similar postponements on various altcoin ETFs.

SEC Delays

The SEC has delayed the approval of the Canary spot LTC ETF, alongside other altcoin ETF applications. ETF analysts attribute the postponement to standard regulatory processes. James Seyffart from Bloomberg suggests final deadlines are expected in October without altering approval odds.

Eric Balchunas, another Bloomberg analyst, likens the postponement to typical procedural delays, stating, “Everything delayed. It’s like the NYC-bound Amtrak on Monday morning.” Such language reflects a common expectation among industry insiders.

Market Impact and Analyst Perspectives

The market impact is evident with Litecoin trading at $216.85, showing a minor decline of 1.2% within a day. Analysts connect these changes to the regulatory uncertainty created by the SEC’s actions and investors’ subsequent hesitancy.

Financial experts indicate a potential positive outcome, given the SEC’s historical patterns of eventually approving crypto ETFs despite initial delays. These setbacks, typical in the crypto space, are nonetheless seen as part of the broader regulatory landscape.

Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet. This doesn’t change our (relatively high) odds of approval. Also, note that the final deadlines aren’t until October for these. – James Seyffart, Bloomberg

Future Prospects

Litecoin’s price is currently at $216.85, reflecting a decrease consistent with its history of price fluctuations amid regulatory delays. Analysts cite previous market movements to highlight this trend.

Prospects for the ETF remain strong, with experts projecting a high chance of approval in 2025. They rely on historical trends and current regulatory approaches to assess the future implications, suggesting ongoing evaluations by the SEC.

Previous Post

SEC Postpones Grayscale’s Dogecoin ETF Decision

Next Post

SEC Delays Grayscale’s Spot Cardano ETF Approval

Adriana M.

Adriana M.

Related Posts

Cardano Needs 132% Rally to Surpass USDC’s Market Cap

by Solomon M.
May 24, 2025

Cardano must rally 132% to overtake USDC's market cap, impacting ADA and stablecoin rankings.

Nexchain’s 2025 Presale Reaches $2.6 Million Milestone

by Solomon M.
May 24, 2025

Nexchain's presale raises $2.6 million. Focus on AI blockchain innovation for 2025.

XRPL Integrates Batch Transactions in Upcoming Upgrade

by Solomon M.
May 24, 2025

XRPL introduces batch transactions in its 2.5.0 update to enhance network capabilities for institutional DeFi.

Bitcoin Surge Could Propel XRP to New Highs

by Solomon M.
May 24, 2025

XRP may reach $20 if Bitcoin hits $150k, analysts predict potential increases.

Trump Coin Faces Uncertain Future Amidst Legal Allegations

by Solomon M.
May 24, 2025

Trump coin remains volatile amid allegations concerning Donald Trump and federal law risks.

Legal Controversy Surrounding TRUMP Coin and Donald Trump

by Solomon M.
May 24, 2025

Donald Trump faces allegations linked to TRUMP Coin, affecting market dynamics amid federal law concerns.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.