SEC Misses Litecoin ETF Deadline Amid Government Shutdown

The SEC has asked applicants to withdraw these forms, leaving the S-1 registration statement as the sole document requiring approval.

Canary withdrew its 19b-4 application on Sept. 25 at the SEC’s request, which may have contributed to Thursday’s inaction. The impact on applicants who haven’t withdrawn that document remains unclear at this time.

The market has been anticipating the potential approval of several new spot crypto ETFs including Litecoin, Solana, XRP, AVAX, LINK, and DOGE. Any approval would add to existing U.S. spot Bitcoin and Ethereum ETFs.

Current spot Bitcoin and Ethereum ETFs have attracted $61.3 billion and $13.4 billion in inflows, respectively, since launching last year. The combined $75 billion market demonstrates strong institutional demand for crypto investment products.

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