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SEC Delays Litecoin ETF Decision as Shutdown Clouds Crypto Outlook
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CoinLaw
The U.S. Securities and Exchange Commission (SEC) has missed its final deadline to decide on the Canary Litecoin ETF, citing operational disruptions due to the ongoing U.S. government shutdown.
Key TakeawaysThe SEC failed to issue a decision on the Canary Litecoin ETF by the October 2 deadline.
The government shutdown has slowed ETF reviews, affecting over 90 crypto ETF filings.
Canary Capital’s bid to launch a spot Litecoin ETF is in limbo after the SEC remained silent past its expected decision date.
SEC Shifts Rules as Shutdown Freezes ActivityThe final decision on the Canary Litecoin ETF was originally due on October 2 under the 19b-4 rule.