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Litecoin (LTC) ETF, will life or death be decided tonight?

This is the only application that the SEC hasn't delayed in advance.

On May 5th, this date which has been overlooked by many, may hold an important change in the landscape of crypto asset ETFs.

The Litecoin ETF filed by Canary Funds will be the only case that the U.S. Securities and Exchange Commission (SEC) has not announced a delay in advance. In the past, the SEC has frequently delayed decisions in advance, making this 'silence' itself unusual.

One analyst stated that while he personally expects a delay this time, if the SEC decides to approve an application ahead of time, Litecoin may be the most likely candidate.

Why it?
- The technical path is clear and stable; Litecoin's mainnet has been running for years, with lower risk compared to emerging coins;
- Market attention is relatively moderate, lacking high speculation, making it easier to pass regulatory assessments;
- Bitcoin spot ETFs have already been established, and as an early fork of BTC with similar technology, Litecoin has a 'comparative compliance reference.'

What does it mean if it is approved?
The market focus will no longer be on Bitcoin and Ethereum. Litecoin is expected to become the third representative from a compliance perspective, moving the crypto ETF sector toward a multi-coin stage.

What does it indicate if it is still delayed?
This will further strengthen the SEC's ambiguous boundary strategy— even if applications are in queue, the regulatory agency still retains the power and space to act 'at the last minute.'

The answer is about to be revealed.
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