SEC Faces Deadline for Litecoin ETF Decision

According to PANews, the U.S. Securities and Exchange Commission (SEC) is set to make its first decision today, May 5, 2025, regarding the Litecoin (LTC) spot ETF application submitted by Canary Capital. Unlike most cryptocurrency ETF applications, this Litecoin ETF proposal has not undergone any prior SEC delay reviews, leading to market speculation about a potentially earlier approval. However, despite the absence of previous delays, analyst James Seyffart anticipates that the SEC is likely to postpone its final decision rather than approve or reject the application outright.