The American Securities and Exchange (SEC) commission is expected to decide on the Canary Litecoin ETF, because Litecoin (LTC) shows an upward momentum, daily negotiation volumes jumping from 31% to more than $ 338 million.
Although the SEC has already expressed early delays for funds (ETF) linked to several cryptocurrencies (ETF) linked to cryptocurrency, in particular those involving Ethereum and other digital assets, Litecoin ETF has hitherto escaped early comments.
Bloomberg ETF analyst James Seyffart underlined the unique status of deposit in a recent Publish (Formerly Twitter), declaring: “The deposit of @Canaryfunds Litecoin Etf is due to a decision (perhaps a delay) by Monday 5/5. Dry went early and delayed a bunch of deposits, but not that. ”
He added The fact that the only asset that the Commission is likely to approve this early is an ETF Litecoin. He noted that a delay is more likely, but it is something to look at.
Litecoin (LTC), often nicknamed “Silver to Bitcoin's Gold”, has long been one of the most established and exchanged cryptocurrencies.
Its longevity and its relatively stable reputation compared to other altcoins make it a more “digestible” candidate for an ETF in the eyes of regulators, in particular while the dry continues to fight against the wider surveillance of the cryptographic market.
SEC delayed its decision on the Canari FNB file
On March 11, the American sec delayed the approval of several ETF Altcoin, including Graycale's deposits for Dogecoin, Litecoin, XRP and Cardano. The Commission also postponed its decision to XRP and Solana ETF of Canary Capital and 21 shares. Not to mention the Canary deposit on Son Etf Litecoin.
The regulator has also resumed its decision on creation in kind and the buyouts for the Ibit of Blackrock and FBTC and FBTC of Fidelity. In addition, 21 actions have also seen a delay in the proposal to include the milestone in Son ETF ETF (ETH).
Even with the delays in the dry, James Seyffart said that he thought that all of these ETFs had high approval ratings. He noted that other delays were inevitable, a standard process for the Commission. In addition, Paul Atkins had not yet been confirmed as a new president of the agency at the time, which could have contributed to delays.
In February, Seyffart and Eric Balchunas, senior ETF analyst at Bloomberg, predicted that Litecoin had 90% of approval this year; Dogecoin, 75%; Solana (soil), 70%; and XRP, 65%. They said that Trump's re -election increases the probability that all of these ETFs were approved in 2025. “Before Trump took up his functions, their probability projections were 5% lower.
Some members of the Crypto community hope that an ETF Litecoin could be approved
Approval of Litecoin ETF would be a huge step in the development of these cryptography investment offers, especially for altcoins. He would add to the previous Bitcoin (BTC) and Ethereum (ETH), whose Spot ETF markets are already established.
However, most analysts remain cautious. The SEC has historically preferred to delay decisions as long as legally authorized, citing the need for more market surveillance agreements and solid investor protection.
In the post of May 5, Seyffart said that the Commission could today decide the Litecoin ETF of Canary. His article invited several comments; Some seemed to reject his projections, while others have remained full of hope, agreing that Litecoin ETF could soon receive approval.
However, An X user With the pseudonym Panda was not very excited by the news, advertisement There is no use in an ETF Litecoin, especially since it always has a lower marker cap than the other cryptocurrencies. He argued that it would be more excited if the asset was worth more than $ 100 billion. So far, Litecoin has only a market capitalization of $ 6.25 billion.
Another user declared“5 years of hope, no thank you”, suggesting that he does not fully believe that the projection is true after the delays and the predictions spent not to materialize.
However, other users have interpreted Seyffart's projections as a new positive for the entire cryptography industry.
If the SEC is delayed today, it would not be surprising – but that would be another missed opportunity, according to criticism, so that the agency signals progress in the modernization of cryptography regulations.
Litecoin is preparing for the breakout rally while the ETF hope and the alignment of the bullish momentum
According to Crypto Patel analyst, Litecoin is on the verge of a massive rally after having torn a multi -year resistance line. After months of consolidation in a set range, the Altcoin begins to show a new upward impulse and is negotiated at $ 88.23 at the time of the editorial staff.
Patel notes that LTC has already left its previous accumulation range between $ 65 and $ 85. Short -term price targets are $ 255 and $ 500. Long targets vary from $ 1,000 to more than $ 1,458. While LTC has tested the patience of investors, Patel thinks that everything is ready to take a big step higher in this bullish cycle, perhaps reaching $ 500 soon. This upward momentum can be further reinforced by the possibility of an approved Litecoin ETF.
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