The SEC Silence Stalls decision Litecoin ETF as LTC price hosts monthly posts
Ilitecoin (LTC) remains strong near its monthly locations despite new control issues, as the US Securities and exchange commission failed to make the Canary Capital action STF. The deadline passed on Thursday without a review, leaving the most expected product on the site.
The delay occurs during the essential Crypto ETFs, which is associated with the US government closing that disrupt the financial oversight and added to the complaint of the consent process.
LTC's price trends to the upside on the daily chart. Source: LTCUSD on Tradingview
SEC Misses Deadline as Litecoin ETF Rules Shift
The SEC was expected to decide on a Canary application on Thursday, but no review is issued. Analysts realize that delays may not only be closed when closing closure but also in a broad shift in the construction of Cryptot.
Earlier this year, the SEC was introduced to a traditional 19B-4 traditional system, associated with a solid history, instead of S-1 registration statements.
Bloomberg etf Analysts Seyffart and Eric Balchunas said the change meants the old finances “that would not bother them” under the direction of the controller. Instead, approval times may depend on the broader SEC revision of new lists, which makes the process difficult.
Closing involves ETF review
The Validity of the US government strengthens the delay. Although the SEC continues to work with limited planning, an August, confirmed that reviewing new financial products, including the completion of ETF, will be suspended during closure.
This has left the canary’s Illaycoin ETF, along with several other Altcoin products, to a holding pattern.
Ndewent Requests for Litecoin, Solana, XRP, Cardano, Avalanche, and Dogecoin ETF are among those affected. This will build on the success of Spot Bitcoin and Etherreum ETFs, which already drew more than $ 74 billion in them.
However, Litecoin is facing more exploration, as its controlling classification is constantly clearer than the Bitcoin’s Status as an asset.
Litecoin price is always strong
Without uncertainty uncertainty, Litecoin price is always steady. At the time of writing, LTC was selling approximately $ 118, a higher driver in high month for $ 122.
Analysts suggest that if the token can pass near $ 121, there may be a new meeting. The maximum state shows investors’ conviction of investors that the approval is a more matter than being rejected.
Market observers describe the silence of sec and “rain delay” is denial. When closing is over and new levels of fully use, critics expect the ETF resolution process to speed.
Cover the image from Chatgpt, Ltcusd Chart from trading
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