SEC Delays Litecoin ETF Approval: New Listing Standards Throw a Wrench in Plans

The SEC’s missed deadline for approving Canary Capital’s Litecoin ETF application has fueled uncertainty about its approval timeline amidst the ongoing federal government shutdown. This setback is linked to new generic listing standards that replace older regulations, leaving market expectations in limbo. While analysts believe the launch of the ETF remains possible, a prolonged shutdown may further delay the process.