SEC Silence Stalls Litecoin ETF Decision as LTC Price Holds Near Monthly Highs

Litecoin (LTC) remains steady near its monthly highs despite new regulatory setbacks, as the ￰0￱ and Exchange Commission (SEC) failed to act on Canary Capital’s proposed spot Litecoin ￰1￱ deadline passed on Thursday without any update, leaving the much-anticipated product in ￰2￱ delay occurs at a crucial time for crypto ETFs, coinciding with a ￰3￱ shutdown that has hampered financial oversight and added to the complexity of the approval ￰4￱ Misses Deadline as Litecoin ETF Rules Shift The SEC was expected to decide on Canary’s application by Thursday, but no update was ￰5￱ observe that the delay may be due not only to the shutdown but also to a broader shift in how crypto ETFs are ￰6￱ this year, the SEC began phasing out the traditional 19b-4 filing process, which has been historically associated with strict deadlines, in favour of S-1 registration ￰7￱ ETF analysts James Seyffart and Eric Balchunas argue this transition means old deadlines “no longer matter” under the regulator’s evolving framework.

Instead, approval timelines may now depend on the SEC’s broader review of new listing standards, making the process less ￰8￱ Complicates ETF Reviews The ￰9￱ shutdown is intensifying the ￰10￱ the SEC continues with limited operations, its contingency plan, published in August, confirmed that reviewing new financial products, including ETF filings, would be paused during a ￰11￱ has left Canary’s Litecoin ETF, along with several other altcoin-based products, in a holding ￰12￱ applications for Litecoin, Solana, XRP, Cardano, Avalanche, and Dogecoin ETFs are among those ￰13￱ would build on the success of spot Bitcoin and Ethereum ETFs, which have already attracted more than $74 billion in inflows.

However, Litecoin faces additional scrutiny, as its regulatory classification remains less clear than Bitcoin’s status as a ￰14￱ Price Remains Resilient Despite the regulatory uncertainty, Litecoin’s price has stayed ￰15￱ the time of writing, LTC was trading around $118, approaching a two-month high of $122. Analysts suggest that if the token can surpass resistance near $121, a new rally might be ￰16￱ consistent upward trend indicates investor confidence that approval is more a matter of timing rather than ￰17￱ observers describe the SEC’s silence as more of a “rain delay” than a ￰18￱ the shutdown concludes and new listing standards are fully implemented, analysts expect the ETF decision process to speed ￰19￱ image from ChatGPT, LTCUSD chart from Tradingview