Litecoin ETF Filing is Due for a Decision Today
Altcoins 5 May 2025 | 10:38 The SEC has officially set a deadline to decide on the proposed Litecoin ETF by Canary Funds, according to a recent update that has drawn attention from market analysts. Bloomberg ETF analyst James Seyffart highlighted in a tweet that the U.S. Securities and Exchange Commission (SEC) has designated May 5, 2025, as the date by which it must either approve, disapprove, or initiate proceedings to determine the fate of the proposed rule change related to the Litecoin ETF filing (File No. SR-NASDAQ-2025-005). “The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5,” Seyffart wrote. “SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it’s Litecoin IMO.” While Seyffart suggests that a delay remains the most probable outcome, he notes that the Litecoin ETF stands out among current filings for its potential to receive early approval. The document, signed by Assistant Secretary Sherry R. Haywood, confirms that the SEC is allowing more time for consideration, with the new deadline clearly marked. This development places Litecoin in the regulatory spotlight and signals a possible turning point in the growing push for crypto-based ETFs in the U.S. market. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.