The Litecoin ETF decision deadline from the SEC is set for May 5.
Daily LTC trading volume rose 70.90%, reaching $435.22 million.
No SEC delay issued, unlike other crypto ETF applications.
The U.S. Securities and Exchange Commission is approaching a key deadline regarding a spot Litecoin exchange-traded fund. The ETF proposal, filed by Canary Capital, has reached its final review date, with a decision expected by May 5. This comes as the regulator has not issued a delay notice, unlike other similar applications involving digital assets.
Filing Reaches Final Review Window
Canary Capital submitted the ETF proposal through Nasdaq’s 19b-4 process on January 16. The SEC officially recognized the filing on January 29, which celebrated the start of a 90-day countdown. According to SEC rules, the agency must respond by the end of that period unless it announces a delay.
As of May 5, there has been no such delay. The absence of an update has drawn attention, especially from industry analysts and market observers. Some have compared this situation to previous applications, such as those related to Dogecoin and XRP, which encountered early delays from the SEC. Bloomberg ETF analyst James Seyffart commented on the development, noting the regulatory silence as unexpected.
https://twitter.com/JSeyff/status/1919159854691713334
He stated that Litecoin may be positioned for an earlier decision than other assets. Seyffart emphasized that the SEC had already delayed several filings, making the lack of delay on this one unusual. The application from Canary Capital is notably not tied to a major institutional player. This factor may be contributing to the relatively quiet review process. The SEC’s handling of smaller firm applications in the crypto sector remains under close observation.
Market Holds Steady as Price Eyes $100
According to market data at the time of press, Litecoin (LTC) traded at $87.55, showing a 1.89% increase in the last 24 hours. The market cap rose 2.58% to $6.63 billion. Daily trading volume surged by 70.90%, reaching $435.22 million. Litecoin's price opened near $85.83 and peaked above $89 before retreating slightly.
Source: CoinMarketCap
Technical momentum remains visible, with prices holding above previous support. Additionally, the chart indicates steady intraday gains with higher volume around the noon session. Overall, upward price activity remained consistent throughout the observed trading period.
As the price shows a good performance, macroeconomic conditions could influence market behavior surrounding digital assets. Former President Donald Trump recently expressed support for rate cuts by the Federal Reserve. Fed Chair Jerome Powell is balancing inflation targets against employment data, leaving market direction uncertain.The combination of SEC review and economic factors may impact Litecoin’s trajectory. With May 5 as the official deadline, the SEC’s decision could arrive within hours. No delay has been reported so far, and traders are being kept alert.
