PANews reported on May 6 that, according to former Fox Business journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and initiated a public comment process, focusing on assessing whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (May 27 in East 8th Zone time), and the deadline for rebuttals is June 9 (June 10 in East 8th Zone time).

This delay aligns with Bloomberg analyst James Seyffart's prediction yesterday that "it is highly likely they will choose to postpone making a final decision rather than directly approve or reject it."