{ "id": 50462, "date": "2025-10-03T09:50:54", "date_gmt": "2025-10-03T02:50:54", "guid": { "rendered": "https:\/\/hbbgroup.net\/sec-silent-on-canary-litecoin-etf-amid-gov-shutdown\/" }, "modified": "2025-10-03T09:50:54", "modified_gmt": "2025-10-03T02:50:54", "slug": "sec-silent-on-canary-litecoin-etf-amid-gov-shutdown", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/sec-silent-on-canary-litecoin-etf-amid-gov-shutdown\/", "title": { "rendered": "SEC silent on Canary Litecoin ETF amid gov shutdown" }, "content": { "rendered": "
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Canary Capital\u2019s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision.<\/p>\n

The SEC\u2019s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown<\/a> and how its new generic listing standards<\/a> would affect the timelines of dozens of crypto ETF applications awaiting approval.<\/p>\n

Bloomberg ETF analyst James Seyffart<\/a> and FOX News reporter Eleanor Terrett<\/a> noted that the old 19b-4 deadlines for crypto ETF applications may no longer be relevant, as the SEC has asked applicants to withdraw them, leaving the S-1 registration statement as the sole document requiring regulatory approval.<\/p>\n

Source: <\/em>Eleanor Terrett<\/em><\/a><\/figcaption><\/figure>\n

However, overshadowing that is another layer of uncertainty surrounding the government shutdown.<\/p>\n

In August, the SEC posted<\/a> an \u201cOperation Plan\u201d in the event of a government shutdown, stating it would \u201cnot review and approve applications for registration.\u201d This includes new financial products, self-regulatory organization rule changes, and reviewing or accelerating the effectiveness of registration statements.<\/p>\n

It is unclear whether the SEC\u2019s silence on Canary\u2019s spot Litecoin ETF<\/a> is solely due to the government shutdown or whether it is also a result of the new generic listing standards, which would render the 19b-4 deadline irrelevant.<\/p>\n

Canary withdrew its 19b-4 last week, complicating the matter<\/h2>\n

Canary withdrew its 19b-4 application on Sept. 25 at the SEC\u2019s request, which may have been a contributing factor to the SEC not deciding on Thursday. It is unclear what impact the 19b-4s will have on applicants who haven\u2019t withdrawn that document.<\/p>\n

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pic.twitter.com\/FmbMfWWaqe<\/a><\/p>\n

\u2014 Litecoin (@litecoin) October 2, 2025<\/a><\/p><\/blockquote>\n

Cointelegraph reached out to the SEC and Canary for comment, but didn\u2019t receive an immediate response.<\/p>\n

SEC still open, but in limited capacity<\/h2>\n

In light of the government shutdown on Wednesday, the SEC stated<\/a> that it would continue to operate, but with a \u201cvery limited\u201d number of staff members available.\u00a0<\/p>\n

The SEC said its Electronic Data Gathering, Analysis and Retrieval (EDGAR) database would remain operational.<\/p>\n