SEC Misses Deadline for Canary Capital’s Spot Litecoin ETF Amid Government Shutdown

The SEC has missed its Thursday deadline to decide on Canary Capital’s proposed spot Litecoin (LTC) ETF, largely due to the ongoing government shutdown. This ETF would give investors a regulated way to gain direct exposure to Litecoin, similar to existing Bitcoin and Ethereum ETFs. The delay adds uncertainty for both investors and the broader crypto market, as regulatory clarity is key to encouraging mainstream adoption of crypto products. While the SEC hasn’t provided a new timeline, the postponement highlights the challenges regulators face in reviewing crypto applications during periods of administrative disruption. Investors and market watchers are now left waiting to see whether the SEC will approve, reject, or ask for more information before making its final call.