US SEC Delays Decision on Litecoin ETF
- The US SEC has postponed its decision on Canary Capital’s filing for a Litecoin ETF.
- Deadlines for public comments and rebuttals on the filing have been set by the SEC.
- Bloomberg analyst James Seyffart predicted the delay, similar to other crypto ETFs like Franklin Templeton’s XRP ETF.
- Litecoin’s price remained stable after the announcement, trading at approximately $83, down over 3% in the last 24 hours.
The US Securities and Exchange Commission has delayed its decision on Canary Capital’s Litecoin ETF proposal, with deadlines established for comments and rebuttals. Despite this delay, Litecoin’s market price stayed steady at around $83.
Source (2.6)https://coingape.com/no-litecoin-etf-for-now-as-us-sec-delays-decision-on-canary-capitals-ltc-etf/?rand=24432
