Litecoin is closest to SEC approval for a spot trading fund amid delays for other cryptocurrency funds. $

Washington – James Seyffart, an ETF analyst at Bloomberg, expects Litecoin (LTC) to be among the prominent cryptocurrencies that may receive early approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot trading ETF, while the commission continues to delay its decisions on similar requests for other cryptocurrencies.

The commission announced on May 20 that it had postponed its decision on Bitwise's request to add a staking feature to its trading Ether fund, in addition to delaying the decision on Grayscale's request to launch a fund that tracks the performance of Ripple (XRP).

The commission clarified that it decided to extend the legal deadline for reviewing Bitwise's request by an additional 45 days, allowing it to study the proposed amendments and related issues more thoroughly, which was expected according to several analysts.

The agency also postponed consideration of other requests related to funds tracking Solana (SOL) and Polkadot (DOT), indicating that it is in the process of gathering public comments and opening additional analytical procedures to ensure compliance with regulatory standards.$LTC Does this mean a rise for the currency?