SEC Misses Deadline for Litecoin ETF Decision, Spark Market Volatility

The Securities and Exchange Commission (SEC) has missed its deadline for a decision on Canary Capital’s spot Litecoin exchange-traded fund (ETF). This delay triggered heightened market activity, resulting in a 107% surge in Litecoin trading volume. No official statements from either the SEC or Canary Capital have been released, leaving the crypto community in anticipation of an official announcement.