On Oct. 3 the U.S. Securities and Exchange Commission (SEC) took no action on the original deadline for Canary Capital’s spot Litecoin ETF, leaving the application unresolved and pausing progress for that product amid ongoing regulatory reviews.
Market observers including Bloomberg ETF analyst James Seyffart and FOX reporter Eleanor Terrett noted that the conventional 19b-4 timeline may be affected after the SEC requested withdrawals of those filings, effectively leaving the S-1 registration as the primary document requiring commission effectiveness.
Under the SEC’s published shutdown action plan the commission will not review or approve registration applications during a federal government shutdown, a regulatory pause that impacts timelines for pending crypto ETF applications; stakeholders should monitor official SEC filings for definitive updates.