The U.S. Securities and Exchange Commission (SEC) has missed its October 2 final deadline for the Canary Litecoin ETF, citing disruptions from the government shutdown.
This ETF was expected to be the first altcoin-based fund approved under the Securities Exchange Act of 1933, raising hopes during the so-called “ETF Uptober.”
The missed deadline has sparked concerns over whether delays could ripple into other pending ETF applications, including those for XRP, Solana, Dogecoin, Cardano, and Hedera.
Bloomberg ETF analyst James Seyffart explained that the SEC now expects issuers to comply with Generic Listing Standards, meaning deadlines may not be decisive. He noted that while S-1 filings remain valid, issuers were asked to withdraw all 19b-4 filings.
The SEC’s decision on Solana ETFs is scheduled for October 10, with XRP and Dogecoin deadlines approaching next week. Seyffart cautioned that ongoing government shutdown uncertainties could continue to affect ETF approvals, leaving investors waiting for clarity.
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