SEC’s May 5 Litecoin ETF Deadline Looms as Approval Odds Reach 79%
By: beincrypto|2025/05/05 19:30:02
0
Share
The US Securities and Exchange Commission (SEC) is set to decide on the proposed spot Litecoin (LTC) exchange-traded fund (ETF) by Canary Capital on May 5.Meanwhile, market watchers have grown increasingly optimistic. Approval odds have surged to their highest point on Polymarket since mid-March.Will the SEC Approve Litecoin ETF?BeInCrypto reported in January that Nasdaq submitted the proposed rule change (Form 19b-4) to list and trade shares of the Canary Litecoin ETF. The proposal was published for public comment in the Federal Register on February 4. This commenced the initial 45-day review period, which concluded on March 21. However, the SEC opted to extend this period by 45 days, designating May 5 as the new 90-day deadline.“Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 6 designates May 5, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-NASDAQ-2025-005),” the statement read.The regulator has made similar moves for other cryptocurrency ETF applications. On April 29, the SEC postponed its decision on Franklin Templeton’s spot XRP (XRP) ETF until June 17 and Bitwise’s Dogecoin (DOGE) proposal until June 15. Grayscale’s Ethereum (ETH) staking ETF also faced the same fate.Earlier, on April 24, the regulator delayed decisions on Bitwise’s Bitcoin (BTC) and Ethereum ETFs and Canary Capital’s Hedera (HBAR) ETF. The new deadlines are now on June 10 and 11, respectively.Similarly, Grayscale’s application to convert its Polkadot (DOT) Trust into an ETF was also delayed. The new decision deadline is June 11.However, the SEC’s decision not to delay the Litecoin ETF beyond the 90-day deadline has drawn significant attention from the community. Bloomberg’s ETF analyst James Seyffart highlighted this in a recent post on X (formerly Twitter).“SEC went early and delayed a bunch of filings but not this,” Seyffart wrote.Despite this, he emphasized that while Litecoin might be approved sooner, a delay is still the more probable outcome.“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,” he added.Previously, the analyst estimated that the Litecoin ETF had the highest chance of approval, 90%, among all altcoin ETFs. This prediction seems to align with market sentiment.On the prediction platform Polymarket, approval odds surged to 79%, the highest since mid-March. Additionally, the odds for approval by July saw a boost, rising to 49%.Litecoin ETF Approval Odds in 2025. Source: PolymarketA decision in favor of the ETF could pave the way for broader adoption of Litecoin, often regarded as a lighter, faster alternative to Bitcoin. Conversely, disapproval or further delay could signal continued regulatory hesitation in the crypto space. As the clock ticks, all eyes remain on the SEC’s next move.The post SEC’s May 5 Litecoin ETF Deadline Looms as Approval Odds Reach 79% appeared first on BeInCrypto.
You may also like

Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.

2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.

Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?

Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million

After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process
Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
