According to reports from Wu, Bloomberg analyst James Seyffart stated that the Litecoin ETF filed by Canary Funds will receive a decision from the U.S. Securities and Exchange Commission (SEC) by May 5 at the latest, which may be a delayed decision. Previously, the SEC had made early delay decisions on several applications but did not include this ETF. He believes that if there are assets that may be approved early, Litecoin may have a certain possibility, although he personally tends to expect it will be delayed.

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