US SEC delays decision on Canary Capital's Litecoin Spot ETF application

PANews reported on May 6 that according to former Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and initiated a public solicitation process to focus on evaluating whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (May 27 Beijing time) and the deadline for defense is June 9 (June 10 Beijing time).

The extension is consistent with Bloomberg analyst James Seyffart's prediction yesterday that " there is a high probability that he will choose to postpone the final decision rather than directly approve or refuse. "