The U.S. Securities and Exchange Commission (SEC) is advancing towards a decision on the proposed Canary Litecoin ETF, soliciting public comme1nts on the matter.
🟦 The SEC has opened a 21-day period for public comments on the Canary Litecoin ETF proposal, following its publication in the Federal Register.
🟩 This public input phase is crucial as it allows stakeholders to express their opinions, concerns, and support, which could influence the SEC’s final decision.
🟥 The filing process includes a 19b-4 form submitted by Nasdaq, which notifies the SEC of proposed rule changes, an essential step for ETF approval.
The SEC’s engagement with this filing reflects a potentially evolving stance on crypto ETFs, particularly under new leadership with Acting Chair Mark Uyeda and Commissioner Hester Peirce, contrasting with previous caution.
