The ongoing government shutdown is impacting the approval process for the Litecoin ($LTC) ETF, as the Securities and Exchange Commission (SEC) operates with limited staff. The SEC still needs to approve the S-1 filing for the ETF, but the agency's reduced workforce has left it unclear which staff are available and what their current priorities are.
The recent implementation of a generic listing standard has further complicated matters, as issuers and partner exchanges were asked to withdraw their 19b-4 filings, rendering previous deadlines irrelevant. An SEC spokesperson confirmed that due to the shutdown, the agency is unable to respond to many press inquiries, adding to the uncertainty surrounding the ETF's approval timeline.
SEC Shutdown Delays Litecoin ETF Approval Amid Staffing Shortages
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