The US Securities and Stock Exchange Committee (SEC) has postponed the Canary Capital proposal decision of the Litecoin (LTC) (ETF).
The latest procedures for the Securities and Stock Exchange Committee come after the organizer Prescribed To postpone active rulings Altcoin Etf files Until June 17. The agency seeks to obtain general comments on whether the listing proposal fulfills organizational requirements, and prevents deceptive practices and manipulation in particular.
“In particular, the committee seeks to comment on whether the suggestion and trade of stocks in the fund, which will carry LTC, is designed to prevent fraudulent acts, manipulations, manipulation or raises any new or new concerns that the committee had not previously stipulated,” the agency wrote in a file.
James Sivpe’s prediction becomes a reality
The Supreme Education Council revealed in a statement that it was delayed in deciding a decision on the Canary Capital proposal for the Litecoin Exchange Fund (LTC). In light of this procedure, the agency requests an inquiry whether Nasdak’s suggestion to include ETF is compatible with legal requirements.
Canary Capital, founded by Stephen McClorg, former co -founder of Valkyrie Funds, presented initial papers for the box in October.
The decision made talks within the encryption community. James SevartBloomberg analyst has extensive experience, especially with the boxes circulating on the stock exchange (ETFS), a comment on this topic. Based on the argument of Sivpe, he expected the Supreme Education Council to postpone a decision on ETF Litecoin, as it did with other ETFS Cryptocurrency until now, such as the Franklin Templeton XRP ETF file.
Moreover, according to SEYFART, Litecoin is the origin with the best opportunity to receive early approval. Recently, the analyst predicted a 90 % opportunity for ETF LTC consensus this year, giving the price of Litecoin a positive look.
According to Coinmarketcap, Litecoin has now decreased by 2.2 % over 24 hours, and your hands are trading more than $ 83.
CANARY CANARY CANARY CANARY CANARY LITECOIN is delayed just like other ETF encryption proposals
SEC was appointed to decide on the proposed spot at ETF Canary Capital Litecoin on May 5. Meanwhile, market monitors became more hopeful. In support of this, in polymarket, the risk of approval has increased to its highest levels since mid -March.
In January, Nasdak was said to have presented the 19B-4 model, a proposal change to the base, to list and trade the Canco ETF shares for Canary. Then the proposal for the general comment was provided in the Federal Registry on February 4. This was the first day of the 45 -day review period, which ended on March 21.
However, the Securities and Stock Exchange decided to make this timetable 45 days longer, as it set a new final for 90 days on May 5.
Statement He said, “Accordingly, the committee, according to Article 19 (B) (2) of the Law, is appointed 6 May 2025, as the date that the committee must either approve or reject or set procedures to determine whether to change the proposed rule (File No. SR-NASDAQ-2025-005).”
For other ETF Cryptocurrency applications, the regulator has taken similar measures. The Supreme Education Council delayed its decision to propose Dogecoin’s bitwise (Doge) until June 15, Franklin Templeton, XRP (XRP) ETF until June 17. This was also the case with Ethereum (ETHEREUM).
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