**SEC Delays Decision on Canary's Spot Litecoin ETF**

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the proposed spot Litecoin (LTC) exchange-traded fund (ETF) from Canary Capital. The SEC has extended its review period and is seeking public comments on whether the ETF's listing and trading would comply with regulatory standards, particularly regarding the prevention of fraudulent and manipulative practices. The public has until May 26 to submit comments, with rebuttals due by June 9.

This delay is part of the SEC’s broader pattern of postponing decisions on various cryptocurrency ETFs, including those for XRP, Dogecoin, and Solana, with final deadlines set for June 17. Analysts had previously speculated that Litecoin could be one of the first altcoins to gain ETF approval, but the SEC’s cautious stance has raised uncertainty about the timeline.

Following the delay, Litecoin’s price saw a slight decline, dropping by approximately 5% to around \$81.97. Despite the setback, some market observers remain optimistic, noting that the request for public comments does not necessarily imply a rejection of the proposal. The SEC’s final decision on the Litecoin ETF remains pending as it continues to evaluate the proposal based on public feedback and regulatory considerations.

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