SEC Delays Canary Litecoin ETF Decision Amidst Government Shutdown, Raising Concerns for Other Altcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has missed its deadline on the Canary Litecoin ETF application due to the ongoing government shutdown. This delay, which affects pending altcoin ETFs like Solana, XRP, Dogecoin, Cardano, and Hedera, has sparked uncertainty in the crypto market. Analysts suggest that deadlines may no longer hold significance as the SEC’s operations are hampered by the shutdown. The SEC is now urging issuers to file under the Generic Listing Standards, leaving open the question of whether these regular deadlines will hold relevance in the near future.