SEC is late for the Canary Capital request to get ETF Litecoin today, and to open public comments on compliance with the suggestion of regulatory requirements. The LTC price decreased by 5 % after the announcement.
The general suspension side does not seem to indicate the intentions of the committee; This can be a standard delay tactic. However, the market is immediately taken as a downward signal.
Will SEC Etf Canary’s Litecoin refuse?
A few months ago, analysts suggested that Litecoin ETF victory is more likely to win with the CEC more than any other altcoin etf. Polymarket’s possibilities for 85 % in February, and the final date of the SEC mixture today.
However, instead decided to delay this request, including requesting public comments in it Notice:
“The committee seeks and encourages people interested in providing comments on changing the proposed rule. The committee asks that commentators deal [whether] The proposal is designed … to prevent fraudulent actions and practices and manipulation or raise any new or new concerns that have not been previously thought of by the committee.
In order to be clear, it is not sure that this request is a dominant development. SEC offers a lot of Altcoin ETF suggestions at the present time, and has recently been delayed.
He even opened general comments on the Litecoin ETF proposal in February. In other words, this may be a standard delay tactic. Unfortunately, he did not take the market well.
The price of Litecoin decreased rapidly after the committee delayed this demand, as it decreased by 5 % at its lowest point. Polymarket’s possibilities with ETF Litecoin approval in Q2 2025, but the chances of 2025 approval in general remained fixed.
The most expected ups listed in Q2 as a possible time for Altcoin ETF approvals, and this bet seems somewhat unlikely.
In other words, things can be much worse. James Sevart, ETF analyst Propagate Litecoin delay, not commented on the general suspension side. It seems as an extension of the claim that the Supreme Education Council indicates its intention to reject this or any other suggestion from Altcoin ETF.
However, the market can interact harshly with such short -term developments, and merchants re -put their bets on Altcoin.
Disintegration
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