Skip to content

CryptoVert Blockchain App for iOS

Bitcoin, NFTs, News, and more!

Primary Menu
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
  • Home
  • Crypto
  • SEC Further Delays Litecoin ETF, Requests Public Comments
  • Crypto

SEC Further Delays Litecoin ETF, Requests Public Comments

cryptovert May 6, 2025 2 min read

The U.S. Securities and Exchange Commission (SEC) has further delayed making a decision on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF).

This comes after the agency delayed several other applications for spot crypto ETFs last week, including XRP, Hedera, and Dogecoin but hadn’t done so for the Canary Litecoin ETF, sparking hopes that the regulator might have different plans for this fund.

But on Monday, the official deadline, the regulator announced the delay and asked for public comments regarding the proposal’s compliance with regulatory requirements.

“In particular, the Commission seeks comment on whether the proposal to list and trade Shares of the Trust, which would hold LTC, is designed to prevent fraudulent and manipulative acts and practices or raises any new or novel concerns not previously contemplated by the Commission,” the agency wrote in a filing.

Canary Capital, which was founded by former Valkyrie Funds co-founder Steven McClurg last year, had submitted initial paperwork for the fund in October.

LTC, which stands at a $6.6 billion market cap, is the native cryptocurrency of Litecoin, an open-source blockchain project whose code is copied from Bitcoin’s (BTC).

ETF experts at Bloomberg Intelligence had predicted that the token would be the next to be wrapped up in an ETF amid chatter that Canary Capital had received comments back from the SEC regarding its application back in January.

Issuers have yet to receive the first major decision on crypto ETFs made by recently appointed SEC chair Paul Atkins, who took the position in April.

Atkins’ replacement of former Chair Gary Gensler has been characterized as a “huge variable” by Bloomberg senior ETF analyst Eric Balchunas.

Continue Reading

Previous: Leading House Dem Will Block Crypto Market Structure Bill Hearing
Next: New Hampshire Becomes First State to Approve Crypto Reserve Law

Related Stories

Asia Morning Briefing: Fragility or Back on Track? BTC Holds the Line at $115K
3 min read
  • Crypto

Asia Morning Briefing: Fragility or Back on Track? BTC Holds the Line at $115K

September 16, 2025
Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End
1 min read
  • Crypto

Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End

September 16, 2025
HBAR Tumbles 5% as Institutional Investors Trigger Mass Selloff
2 min read
  • Crypto

HBAR Tumbles 5% as Institutional Investors Trigger Mass Selloff

September 16, 2025

You may have missed

Asia Morning Briefing: Fragility or Back on Track? BTC Holds the Line at $115K
3 min read
  • Crypto

Asia Morning Briefing: Fragility or Back on Track? BTC Holds the Line at $115K

September 16, 2025
Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End
1 min read
  • Crypto

Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End

September 16, 2025
XLM Sees Heavy Volatility as Institutional Selling Weighs on Price
2 min read
  • Crypto

XLM Sees Heavy Volatility as Institutional Selling Weighs on Price

September 16, 2025
HBAR Tumbles 5% as Institutional Investors Trigger Mass Selloff
2 min read
  • Crypto

HBAR Tumbles 5% as Institutional Investors Trigger Mass Selloff

September 16, 2025
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.