Recently, America’s Securities and Change Fee (SEC) has postponed its decision on Spot LiteCoin ETF proposed by Canary Budget. SEC is now demanding opinion from public on this proposal whether it will be able to prevent ETF fraud and rigging. If you Litecoin If you want to know in detail, click on the given link
This decision is part of the trend in which SEC has recently postponed the decision on the proposals of other Crypto ETFs like XRP, Hedera and Dogecoin. Although there is a delay, expectations in the market still remain.
SEC purpose: prevent fraud and market manipulation
SEC has said in its filing that she wants to know if LiteCoin ETF has a new or different type of risk that has never been revealed before. Under this process, the general public has been asked whether this product is suitable for the safety of investors.
This step shows that SEC is now trying to become more transparent and is giving importance to the opinion of common people in making rules regarding digital assets.
Changed thinking between Trump government and SEC
SEC’s attitude after Donald Trump became President of America in early 2025 softens to Crypto. SEC has withdrawn several old cases and started discussing the legal framework for digital assets.
The new SEC chairman Paul Atkins has also said that he understands the “enormous advantages” in Crypto and wants it to be properly regulated.
LiteCoin ETF Prospects: Can it become the first LiteCoin ETF of USA?
According to Bloomberg’s ETF Analyst James Seyffart, compared to other Crypto ETF LiteCoin is more likely to get ETF commented early Is. He said on the social media platform x, “If an asset is expected to be approved quickly, it is LiteCoin.”
LiteCoin has been considered a strong candidate due to its stability and prolonged presence in the market.
Competition in the market: Who are in the race?
The race to start LiteCoin ETF includes many big companies like Canary Budget, Grayscale and Coinshares. All these firms want to captivate the opportunity as to who will first bring ETF in the market. Although SEC’s decision is delayed, seeing the public interest, it seems that the situation may soon be cleared.
Conclusion
Avoiding the decision on LiteCoin ETF by SEC may be disappointing for some investors, but shows that the agency is seriously reviewing the product. If this ETF is approved, it will be a big step for the Cryptocurrency Market and it can also give other Altcoin ETF.
Due to the crypto-friendly policy of Trump Administration and the new chairman of SEC, the possibilities of more Crypto ETF in the future seem to be quite strong. At present, investors will have to wait for SEC’s next step.
Also read:Coinbase will delist to these 5 cryptocurrency in May
