According to PANews, the U.S. Securities and Exchange Commission (SEC) is scheduled to make its initial decision today, May 5, 2025, on the Litecoin (LTC) spot ETF application submitted by Canary Capital.
What sets this proposal apart is that it has not faced any prior delays, unlike most other crypto ETF applications. This has sparked speculation about a potential early approval.
However, according to Bloomberg ETF analyst James Seyffart, the SEC is still expected to delay its ruling rather than issue an outright approval or rejection.
The decision—or delay—could influence market sentiment around LTC and set a precedent for future altcoin-based ETFs.