SEC silent on Canary Litecoin ETF amid government shutdown

The Canary Capital spot Litecoin ETF fund is still in an unclear state after the SEC did not act by the initial deadline. The silence from the regulator has left the cryptocurrency community uncertain about how the SEC will operate amid the federal government's shutdown and how the new listing standards will affect the pending cryptocurrency ETF approval applications.

Analysts believe that the old 19b-4 deadlines may no longer be relevant, as the SEC requires withdrawal applications, leaving only the S-1 registration as the main document needing approval. In August, the SEC announced it would temporarily suspend the review of applications during the government shutdown, including new financial products and registrations. Canary withdrew its 19b-4 application last week, which may contribute to the delay. The SEC is still operational but at a limited scale, and there have been no immediate comments from either the SEC or Canary.