SEC Delays Litecoin ETF Decision, Market Reaction Shocks

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Canary Funds’ Litecoin ETF application, sending ripples through the cryptocurrency market. Litecoin’s price fell around 6%, while Bitcoin held steady at approximately $94,000. This delay in approval for the Litecoin ETF reflects the SEC’s cautious approach to cryptocurrencies, potentially impacting market stability and investor confidence.