Litecoin

Investor hopes for a spot Litecoin ETF took another hit as the U.S. Securities and Exchange Commission (SEC) announced it would delay its decision on Grayscale’s proposal to convert its Litecoin Trust into an exchange-traded fund (ETF). The new deadline for a ruling is now set for October 10.
📉 The market reacted quickly. Within minutes of the announcement, Litecoin's price dropped by nearly 2%. It is now trading at around $107.81, representing a weekly decline of nearly 8%.

Why the Delay?
In its official filing, the SEC referred to Section 19(B)(2) of the Securities Exchange Act, which grants the commission authority to extend its review period. According to the agency, “more time is needed to thoroughly assess the proposed rule change and the issues it raises.”
Grayscale initially submitted its application to register a Litecoin ETF in January, but the SEC has already postponed its decision multiple times — first in March, then again in May. This latest delay adds another 60 days of regulatory uncertainty.
The same fate has met a competing ETF application from Canary, which is also seeking to launch its own Litecoin-based fund.

Hope Remains: Analysts Still Expect Approval
Despite the repeated delays, some market watchers remain optimistic. According to James Seyffart and Eric Balchunas of Bloomberg Intelligence, the chances of SEC approving a Litecoin ETF by October remain as high as 90%. Both analysts have been closely tracking ETF filings and believe the regulatory environment is gradually opening up.
The SEC is currently flooded with dozens of crypto-related ETF applications — ranging from Solana and XRP to smaller altcoins like Dogecoin. With so much at stake, both the crypto community and financial markets will be watching the regulator's next moves closely in the coming weeks.

#Litecoin , #SEC , #etf , #crypto , #Regulation

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Keep your eyes on the Federal Register, but don’t sleep on this moment. It’s not just another SEC ruling—it’s the key to unlocking a new chapter in altcoin adoption.