SEC Delays its Decision on Canary’s Litecoin ETF
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The US Securities and Exchange Commission (SEC) has postponed a proposal from Canary Funds to list and trade a Litecoin spot exchange-traded fund (ETF) and is seeking public feedback.
In a filing released on Monday, the SEC invited public comments. The agency specifically seeks input on whether the proposal to list and trade shares of the trust, which would hold Litecoin (LTC), is designed to prevent fraudulent and manipulative practices or presents any new concerns.
The SEC is currently evaluating numerous proposals for various crypto ETFs. Recently, it also delayed decisions on the listing and trading of ETFs related to XRP, Hedera, and Dogecoin.
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