The US Securities and Exchange Commission has postponed its ruling on Canary Capital's Litecoin ETF, while also disclosing timelines for public comments and responses.
The timeline for the launch of a $LTC Litecoin ETF remains uncertain as the SEC has deferred its decision regarding Canary Capital's application to establish one.
Additionally, the Commission has announced deadlines for submitting comments and rebuttals related to the application.
US SEC Holds Off On Litecoin ETF Decision
In a post on X, Journalist Eleanor Terrett disclosed that the Commission has postponed its decision regarding Canary Capital's LTC ETF.
Consequently, the agency is now evaluating whether Nasdaq's proposal to list the ETF adheres to regulatory standards.
Comments must be submitted by May 26th, and rebuttals are required by June 9th. Bloomberg analyst James Seyffart accurately anticipated that the SEC would defer its decision on the Litecoin ETF.
Similar to its previous actions concerning other cryptocurrency ETFs, including Franklin Templeton's $XRP ETF application.Seyffart emphasized that Litecoin is the asset most likely to receive early approval.
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