The U.S. Securities and Exchange Commission (SEC) has missed its remaining deadline on the Canary Litecoin ETF due to the U.S. authorities shutdown, elevating considerations within the crypto neighborhood. Responded to queries from shoppers and folks, a Bloomberg ETF analyst reveals what lies forward amid “ETF Uptober.”
US SEC Delays Canary Litecoin ETF Approval
The crypto market was to witness the first ETF approval for altcoins underneath the Securities Exchange Act of 1933, as the ultimate deadline to approve or deny the Canary Litecoin ETF was on October 2.
However, the SEC has missed the ultimate deadline, with the choice now delayed due to the federal government shutdown. The neighborhood has raised considerations about whether or not the delay can ripple to the SEC’s remaining choice on XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Hedera (HBAR) ETFs.
He claims the regulator can approve all or any of those every time. Notably, the SEC’s remaining choice on Solana (SOL) ETFs is due on October 10, whereas the deadline for XRP and Dogecoin (DOGE) ETFs is subsequent week.
Bloomberg ETF Analyst on Crypto ETFs Amid Government Shutdown
According to Bloomberg ETF analyst James Seyffart, the SEC needs all issuers to file under the Generic Listing Standards. “Which means this deadline date might not matter at all,” he added. The SEC would determine on the Canary Litecoin ETF instantly, as authorities actions proceed usually following the shutdown.
However, James Seyffart is unsure about what’s occurring at this actual second and if the federal government shutdown may disrupt pending ETF approvals. He confirmed that S-1 filings nonetheless apply, whereas the SEC requested issuers to withdraw all 19b-4 filings.
Lot of questions from shoppers and folks on right here as a result of the @CanaryFunds Litecoin submitting was technically due immediately underneath 19b-4. But as a number of folks have reported (together with @EleanorTerrett) it appears to be like like SEC needs everybody to file underneath the brand new Generic itemizing requirements for… https://t.co/HdmW7IfQjg
— James Seyffart (@JSeyff) October 2, 2025
LTC Price Jumps 15% in Response to Canary Litecoin ETF
LTC price has surged over 15% in per week, at the moment buying and selling at $117.92. The 24-hour high and low are $117.40 and $122.46, respectively. However, the buying and selling quantity has decreased by 5% within the final 24 hours because the Canary Litecoin ETF will get delayed.
Meanwhile, large shopping for exercise continues within the derivatives market, in accordance to CoinGlass data. The whole LTC futures open curiosity jumped 4% to $962.89 million within the final 24 hours, rising nearly 25% in per week.
LTC futures open curiosity in 4-hour and 1-hour revealed blended sentiment, signaling that derivatives trades are turning cautious. 4-hour LTC futures OI on Binance dropped 0.80%, whereas climbing 0.60% and 0.75% on OKX and Bybit, respectively.
