Litecoin (LTC) is still constant near its highest monthly levels despite the new regulatory setbacks, as the US Securities and Stock Exchange (SEC) failed to dispose of the proposed STF from Canary Capital. The deadline passed on Thursday without any update, leaving the long -awaited producer to fold.
The delay occurs in a decisive time for investment funds circulating in encryption, coinciding with the closure of the US government, which hindered financial supervision and added to the complexity of the approval process.
LTC's price trends to the upside on the daily chart. Source: LTCUSD on Tradingview
SEC miss the deadline with the transformation of ETF Litecoin
SEC was expected to decide to request Canary by Thursday, but no update was released. Analysts note that the delay may be due to the closure, but also to a broader shift in how to manage investment funds circulating in encryption.
Earlier this year, SEC began to gradually get rid of the traditional 19B-4 presentation process, which was historically linked to the strict final dates, in favor of the S-1 registration data.
Bloomberg analysts argue James Sevart and Eric Balunas that this transition means old timers “no longer important” under the sophisticated framework of the organization. Instead, the approval schedules may now depend on the broader SEC review of the new listing standards, making the process less predictable.
Closing holds ETF reviews
The closing of the United States government intensifies the delay. Although SEC continues with limited operations, its emergency plan, which was published in August, confirmed that the review of new financial products, including ETF files, will be stopped while turning off.
This ETF Canary's Litecoin, along with many other Altcoin -based products, has left in a knot style.
Litecoin, Solana, XRP, Cardano, Avalanche and Dogecoin are among the affected people. This would rely on the success of Spot Bitcoin and Ethereum ETFS, which has already attracted more than $ 74 billion in flows.
However, Litecoin faces additional audit, as its organizational classification is still less clear than Bitcoin's position as a commodity.
Litecoin is still flexible
Although organizational uncertainty, the price of Litecoin remained flexible. At the time of writing this report, LTC was trading about $ 118, approaching its highest levels for two months at $ 122.
Analysts suggest that if the distinctive can exceed the resistance near 121 dollars, a new gathering may be operated. The consistent upward trend indicates the investor's confidence that approval is a timing issue instead of rejection.
Market monitors describe SEC's silence as “delaying rain” more than denial. Once the closure is completed and new listing standards are fully implemented, analysts expect the ETF agreement to accelerate.
Image coverage of Chatgpt, LTCUSD scheme of TradingView
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