The launch of an ETF of Litecoin remains unknown because the American Securities and Exchange (SEC) commission delayed its decision on the Canary Capital file by offering one. The Commission also revealed deadlines for comments and refutations on the file.
The American sec is held on the decision of Litecoin Etf
In a releaseThe Commission revealed that it had delayed decision -making on the FNB LTC of Canary Capital. Following this decision, the agency is now looking for a decision on the question of whether the NASDAQ proposal aimed at lists the FNB is in accordance with regulatory requirements. The comments are due before May 26, while refutations must be due before June 9.
Bloomberg analyst James Seyffart had rightly predicted that the SEC would delay a decision on Litecoin ETF, just as he has done for other ETF Crypto, so far, including the FNB ETF XRP deposit of Franklin Templeton.
Seyffart pointed out that if an asset had a chance of early approval, it's Litecoin. As Coingape reported, the chances of LTC FNB approval are currently 90%, offering an optimistic perspective for the Litecoin price. Solana and XRP also have a 90% chance of approval this year.
The Litecoin price has remained unchanged following the SEC announcement of a delay on its decision for the FNB LTC of Canary Capital. The room is currently negotiated at around $ 83, down more than 3% in the last 24 hours.
Boluwatife Adeyemi
Boluwatifone Adeyemi is a writer and publisher of new experienced crypto who has covered subjects that have crossed several subjects and niches. Boluwatife has the talent to simplify the most technical concepts and facilitate understanding of cryptographic beginners. Far from writing, he is a passionate basketball lover, a traveler and a part-time dengen.
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