Will the SEC approve Canary Funds’ Litecoin ETF today or delay again?
The post Will the SEC approve Canary Funds’ Litecoin ETF today or delay again? appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) is set to decide on the Canary Litecoin ETF, as Litecoin (LTC) shows bullish momentum, with daily trading volumes jumping 31% to over $338 million. While the SEC has already issued early delays for multiple cryptocurrency-related exchange-traded funds (ETF) filings, notably those involving Ethereum and other digital assets, the Litecoin ETF has so far escaped early commentary. Bloomberg ETF analyst James Seyffart highlighted the unique status of the filing in a recent post on X (formerly Twitter), stating, “The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings, but not this.” He added that the only asset the commission will likely approve this early is a Litecoin ETF. He noted that a delay is more likely, but it is something to watch. Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” has long been one of the most established and widely traded cryptocurrencies. Its longevity and relatively stable reputation compared to other altcoins make it a more “digestible” candidate for an ETF in the eyes of regulators, particularly as the SEC continues to grapple with broader crypto market oversight. SEC delayed its decision on Canary’s ETF filing on March 11 alongside Grayscale Dogecoin and Litecoin filings On March 11, the US SEC delayed the approval of several altcoin ETFs, including Grayscale’s filings for Dogecoin, Litecoin, XRP, and Cardano. The commission also postponed its decision on XRP and Solana ETFs of Canary Capital and 21 shares. Not to mention Canary’s filing on its Litecoin ETF. The regulator also put off its decision on in-kind creation and redemptions for BlackRock’s IBIT and Fidelity’s FBTC and FETH. Moreover, 21 shares also saw a delay in the proposal to include staking in…
The post Will the SEC approve Canary Funds’ Litecoin ETF today or delay again? appeared on BitcoinEthereumNews.com.
The U.S. Securities and Exchange Commission (SEC) is set to decide on the Canary Litecoin ETF, as Litecoin (LTC) shows bullish momentum, with daily trading volumes jumping 31% to over $338 million. While the SEC has already issued early delays for multiple cryptocurrency-related exchange-traded funds (ETF) filings, notably those involving Ethereum and other digital assets, the Litecoin ETF has so far escaped early commentary. Bloomberg ETF analyst James Seyffart highlighted the unique status of the filing in a recent post on X (formerly Twitter), stating, “The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings, but not this.” He added that the only asset the commission will likely approve this early is a Litecoin ETF. He noted that a delay is more likely, but it is something to watch. Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” has long been one of the most established and widely traded cryptocurrencies. Its longevity and relatively stable reputation compared to other altcoins make it a more “digestible” candidate for an ETF in the eyes of regulators, particularly as the SEC continues to grapple with broader crypto market oversight. SEC delayed its decision on Canary’s ETF filing on March 11 alongside Grayscale Dogecoin and Litecoin filings On March 11, the US SEC delayed the approval of several altcoin ETFs, including Grayscale’s filings for Dogecoin, Litecoin, XRP, and Cardano. The commission also postponed its decision on XRP and Solana ETFs of Canary Capital and 21 shares. Not to mention Canary’s filing on its Litecoin ETF. The regulator also put off its decision on in-kind creation and redemptions for BlackRock’s IBIT and Fidelity’s FBTC and FETH. Moreover, 21 shares also saw a delay in the proposal to include staking in…
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