The SEC is playing hard to get with Litecoin price and its crypto ETF dreams. Canary Capital’s latest filing received a polite “we’ll think about it” from the regulators, which sent LTC’s price into a 6% dip before it pumped back to $91 today.
Following the SEC ETF approval seesaw, the crypto crowd is wondering if a pro-crypto SEC will ever give the green light. The rumor is leaning toward the it won’t happen scenario, but “It ain’t over till it’s over.”
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SEC is Pulling Litecoin Price Leg with Delays
The SEC’s delay is not a flat-out no, and it looks like a classic bureaucratic stall. According to the SEC, they are now seeking public comments until the 26th of May, with rebuttals due by June 9. Although this move looks informal at some level, it is a standard SEC playbook, especially with new chair Paul Atkins.
Bloomberg’s ETF gurus, James Seyffart, are betting big on Litecoin price, pegging approval odds at 90% by end of the year. Why the optimism? Litecoin’s seen as a commodity, not a security, unlike some other altcoins.
The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it's Litecoin IMO. Personally think a delay is more likely but def something to watch pic.twitter.com/FilnUcMtUH
— James Seyffart (@JSeyff) May 4, 2025
To put the SEC and crypto filings perspective clearly, the SEC has been swamped with over 70 ETF filings since Trump’s crypto-friendly admission took hold. For now, the SEC is being SEC, cautious.
Price wise, Litecoin is flashing some hope. It’s testing a key $90 resistance level, with a potential breakout to $100 marks. It also boasts with healthy liquidity, which can suppress price swings. On a weekly basis, the LTC chart is leaning bullish, but the ETF delay could keep things choppy.
(LTCUSD)
Is Litecoin still the “silver to Bitcoin’s gold?”
Approval could unlock institutional cash, boosting the Litecoin price with credibility. For now, LTC is holding steady, and crypto traders are not panicking yet. A dip was seen 2 days ago, before the coin made a stronger comeback today.
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As Altcoins’ ETFs Approach, Layer-2 Networks Like SOLX are Needed
With so many ETFs approved over the past 6-7 months, the global crypto market is poised for another breakout. The biggest bull run might be in play this year. The recent Bitcoin ETFs pumps BTC to all time high last year, and the awaited SOL ETF could come this June, which has the power to send Solana back to its $250 range.
With Solana nearing another euproric season, Solaxy, with its $SOLX is aiming to help SOL from congestions with a fast, scallable layer-2.
Solaxy off-chain scaling mechanisms kill bottlenecks, bump throughput, and restore Solana to its fast and secure speed. The scaling solution processes transactions off the main chain and then batches them back to the base layer for final settlement. This reduces the load on Solana’s validators and cuts costs further.
SOLX can handle more activity without compromising the chain speed, easing the under-pressure chain. Leveraging Solana’s speed, SOLX will support decentralized apps and/or institutional use cases. This will help a lot, especially with SOL ETFs looming on the horizon.
As the need for a solution is pressing, a robust Solaxy will stabilize the ecosystem by creating demand to counterbalance Solana’s inflationary nature.
A successful scaling upgrade shifts the focus back to fundamentals: speed, cost, and utility. It shows the market that Solana isn’t just a playground for degens but a serious contender ready to handle real-world needs.
Solaxy is priced at $0.0017 each with a ‘WOW’ staking reward of 120% APY. More than $33.5 million has been raised, and the remaining tokens will be running out fast.
For the latest updates on the project, connect with the SOLX community on X and Telegram
Join the Solana revolution with SOLX here.
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Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- Will the SEC ever approve the LTC ETF? How does this indecisiveness affect Litecoin price?
- Gearing up for the next wave of crypto adoption with Layer-2 solutions.
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