SEC Misses Litecoin ETF Deadline Amid Government Shutdown

The SEC has asked applicants to withdraw these forms, leaving the S-1 registration statement as the sole document requiring approval.

The Securities and Exchange Commission took no action Thursday on Canary Capital's spot Litecoin exchange-traded fund application, missing its original decision deadline. The silence has left the

community uncertain about regulatory operations during the federal government shutdown.

Bloomberg ETF

James Seyffart and FOX News

Eleanor Terrett noted that old 19b-4 deadlines for crypto ETF applications may no longer be relevant. The SEC has asked applicants to withdraw these forms, leaving the S-1 registration statement as the sole document requiring approval.

The government shutdown adds another layer of complexity to the situation. In August, the SEC

an operation plan stating it would not review or approve applications for registration during a shutdown, including new financial products and self-regulatory organization rule changes.

Canary withdrew its 19b-4 application on Sept. 25 at the SEC's request, which may have contributed to Thursday's inaction. The impact on applicants who haven't withdrawn that document remains unclear at this time.