Canary Capital’s Litecoin ETF is about to face SEC decision, Bloomberg analysts expect delay

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According to ChainCatcher and Cointelegraph, the first resolution deadline for the LTC spot ETF application submitted by Canary Capital is today (May 5th) by the U.S. Securities and Exchange Commission (SEC).

Notably, unlike most other cryptocurrency ETF applications, this LTC ETF application has not previously undergone an SEC extension review. This situation had sparked market speculation about the potential for early approval.

However, despite the absence of previous extension records, Bloomberg analyst James Seyffart anticipates that the SEC is still highly likely to choose to postpone the final decision, rather than directly approving or rejecting it.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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