SEC Delays CoinShares ETF Decision

SEC Delays Decision on CoinShares Litecoin and XRP ETFs

• The SEC has postponed its decision on the CoinShares Litecoin (LTC) and XRP ETFs, calling for more comments and rebuttals.
• The next deadline for the SEC’s decision is set for August 24.
• Bloomberg analyst James Seyffart predicts approval might occur in early Q4 or as soon as late June or early July.
• Polymarket data indicates a 79% chance of LTC ETF approval by year-end, while XRP ETFs have an 83% chance.
• Seyffart and Eric Balchunas estimate a 90% approval probability for LTC ETFs and an 85% probability for Ripple ETFs.

The SEC has delayed its decision on approving CoinShares’ crypto ETFs, with predictions indicating a high likelihood of approval later this year. The next deadline is August 24, with analysts suggesting potential approvals in Q4.