5-5-2025 – The U.S. Securities and Exchange Commission (SEC) is poised to deliver its inaugural verdict on a Litecoin (LTC) spot Exchange-Traded Fund (ETF) proposed by Canary Capital. This landmark decision, slated for 5 May 2025, has sparked intense speculation among investors and analysts alike.
Unlike the majority of crypto ETF submissions, which often face prolonged scrutiny, this Litecoin application has bypassed the SEC’s customary deferral process, fuelling hopes of a swifter approval. Nevertheless, industry expert James Seyffart cautions that the regulator may opt to defer its final judgement, rather than issuing an immediate approval or rejection, keeping the market on tenterhooks.
