Summary
- Litecoin plummeted during the day due to the SEC's delay in the spot ETF approval decision.
- The SEC's decision delay significantly impacted Litecoin's investor sentiment.
- The SEC announced a delay in the decision on Cannery Capital's Litecoin spot ETF application.
Litecoin (LTC) plummeted during the day. The decision on the approval of the spot Exchange-Traded Fund (ETF), which was originally scheduled for the 5th (local time), has been delayed, significantly dampening investor sentiment.
As of 10:34 AM on the 6th (Korean time), Litecoin is trading at $83.19, down 2.94% from the previous day, according to CoinMarketCap. On this day, Litecoin had surpassed $90 during the day on expectations of the spot ETF approval decision but has now given up all gains and turned bearish.
The reason for Litecoin's weakness today is attributed to the delay in the spot ETF approval decision by the Securities and Exchange Commission (SEC). Previously, the SEC postponed the decision on the Litecoin spot ETF application submitted by Cannery Capital. The SEC stated, "It is necessary to determine whether the proposal to list and trade trust shares that will hold Litecoin is safe from fraudulent and manipulative acts," and "We will seek public opinion on this matter."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
