Litecoin Defies Bitcoin, Ethereum Dip Ahead Of SEC ETF Decision: ‘A Delay Is More Likely,’ Says Expert

A Litecoin (CRYPTO: LTC) spot exchange-traded fund due for a decision on Monday may be delayed by the SEC, an analyst said.

What happened: In an X post, Bloomberg analyst James Seyffart noted May 5 has been designated as the date for deciding whether to approve or disapprove the Canary Litecoin ETF. The fund’s 19b-4 filing was acknowledged by the SEC earlier in January.

“If any asset has a chance of early approval, it’s Litecoin IMO. Personally think a delay is more likely but def something to watch,” Seyffart remarked.

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