SEC Delay Decision for CoinShares Spot Litecoin ETF
Di SEC for America don delay im decision again for CoinShares spot Litecoin ETF, na im dey third time now. Originally, dem suppose drop decision by May 26, 2025, but now e don extend to August 24, 2025, and final decision suppose come by October 2025. SEC delay show say dem get wahala about fraud, market manipulation, plus dem want more public comments make sure say the ETF go follow all regulatory rules.
CoinShares file 19b-4 application for Nasdaq February 2025, start review wey go last 240 days. Other companies like Grayscale and Canary Capital still dey wait for SEC decision for their Litecoin ETF proposals. Bloomberg analysts James Seyffart and Eric Balchunas believe say e get 90% chance for approval by Q4 2025, meanwhile Polymarket data wan say e get 80% chance by end of the year.
Even though regulators dey cautious, hope still dey. Litecoin price don jump 17% this past month, reach over $120 because of ongoing ETF speculation. SEC delay for other altcoin ETFs like Solana and Dogecoin too dey show the struggle between new ideas and protecting investors. October 2025 na important date for the spot Litecoin ETF decision.
Neutral
The SEC wey dey delay Litecoin spot ETF dey show say regulators still dey cautious and dem never reject am sharply. For short term, people fit dey cautious as dem dey wait make everything clear, but high chance to approve (90% according to Bloomberg) plus the strong Litecoin price mean say long term nothing much go bad. The long review wey dem do for Solana and Dogecoin ETFs show say dem fit take time check am well without outright rejection. Traders fit wait and see for now, but them still dey expect say the ETF go get green light by October 2025.