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The SEC delays its decision on the ETF proposal for Litecoin from Canary Funds
New delay from the regulatory body
The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the proposal from Canary Funds to launch the first exchange-traded fund (ETF) linked to Litecoin, adding further uncertainty about the future of this type of product.
Details of the delay
The new decision postpones the adjudication of the filing until July 2025, citing the need for more time to assess the potential impacts on investors and the broader market.
Market reactions
The price of Litecoin has not been significantly affected after the delay, but it remains volatile, with expectations that any future approval could drive the price to new levels.
#LitecoinETF #SECDecision #CanaryFunds #CryptoRegulation
