PANews reported on May 6 that according to former Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and launched a public comment process to focus on evaluating whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (May 27, Beijing time), and the deadline for replies is June 9 (June 10, Beijing time).

The extension is consistent with Bloomberg analyst James Seyffart's prediction yesterday that " there is a high probability that the final decision will be postponed rather than directly approved or rejected. "