According to the latest information, the SEC has delayed the Canary Lite Coin Spot ETF.
The agency opened a proposal for public comments and invited stakeholders to consider the potential impact of listing Litecoin Trust stocks. “Specifically, the Commission is seeking comment on whether the proposal to list and trade trust stocks holding the LTC is designed to prevent fraudulent and manipulative conduct and practices, or raises new or new concerns the Commission has not previously considered,” the SEC said in its notice.
Canary’s Litecoin ETF is one of many crypto-based products under SEC scrutiny, and agents delayed the decision of similar ETF applications linked to XRP, Hedera (HBAR) and Dogecoin (Doge) last week alone.
Since President Donald Trump took office in January, the SEC has adopted a more cryptography-friendly stance. Under new SEC Chair Paul Atkins, the committee dropped several lawsuits against crypto companies and hosted public roundtables to explore the regulatory pathways of the digital asset industry.
*This is not investment advice.
