SEC Delays Decision on Litecoin ETF

SEC Delays Decision on Canary Capital’s Litecoin ETF

• Canary Capital filed for a Litecoin ETF in October.
• The SEC delayed its decision on the ETF proposal.
• The SEC has dozens of altcoin ETF applications to review.
• Litecoin is the 25th largest cryptocurrency by market cap.
• Litecoin was created by Charlie Lee in 2011 as a Bitcoin fork.

The U.S. Securities and Exchange Commission postponed its decision on Canary Capital’s proposed Litecoin ETF, which was filed in October. This delay is part of the SEC’s ongoing review of numerous altcoin-based ETF applications.