SEC’s Crypto ETF Circus: Will Litecoin Escape the Clown Car by May 5?

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Well now, if you were waitin’ for the government to start handin’ out crypto ETFs like hotcakes at a Sunday breakfast, you’d best grab your hat and sit a spell. Turns out, the ol’ U.S. SEC is fixin’ to thumb through more ETF applications than Aunt Polly’s got biscuit recipes—seventy at last count! This all comes on the heels of their grudging approval of Bitcoin and Ethereum ETFs in 2024, which set the barn doors wide open for a stampede of altcoins.

The so-called “analysts”—a species known for predicting rain after you’re already drenched—say the SEC might actually tip their hats to spot ETFs for Solana, XRP, and the jester himself, Dogecoin. First decisions might roll in faster than a steamboat gambling debt, starting around July 2, 2025. Come October, folks await answers for ETFs with names like SOL, DOGE, XRP, and ADA—though you can bet your last dime the rest will have to keep twiddlin’ their thumbs till November or December. 🐕‍🦺

Litecoin ETF: Will It Get the SEC’s Blessin’ by May 5?

Now, here’s a ticker tape parade for you: the Canary Funds’ Litecoin ETF is sittin’ smack dab in front of the SEC, with a decision due by May 5 (because nothing says excitement like a government deadline). Odd thing is, the SEC hasn’t done its usual trick of delayin’ things till all interested parties have died of boredom. James Seyffart from Bloomberg—who, I dare say, watches ETFs like a hawk eyein’ a corn-fed mouse—reckons Litecoin’s got a slightly better chance than a snowball in a Mississippi summer. Still, don’t bet the farm on it.

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

— James Seyffart (@JSeyff) May 4, 2025

Some money folks say this Litecoin ETF may skate through like Tom Sawyer on a whitewashed fence, mainly ‘cause all the forms (S-1 and 19b-4—catchy names, eh?) are already filed and the SEC treats Litecoin more like pork bellies than snake oil. Don’t forget, there’s a couple other Litecoin ETFs, lookin’ desperate as orphans in a thunderstorm, from Grayscale and CoinShares. The SEC got till October to make up their slow-movin’ minds, but Bloomberg put Litecoin’s odds at 90%. If only the horses at the county fair ran like that! 🏇


Altcoin ETFs: Odds Better Than Huck Finn in a Canoe (75%!)

The weather vanes at Bloomberg say there’s at least a 75% chance the SEC stops draggin’ its boots and gives their nod to a whole mess of spot altcoin ETFs by the end of 2025. Seyffart, who must have stocks for breakfast, claims a swarm of new crypto ETFs will hit the field soon—even if half of ‘em will go belly up quicker than a catfish in a whiskey barrel if the big money folks don’t care.

Funny how the whole outlook on ETFs changed when Paul Atkins took the wheel as SEC Chair. He called the crypto industry “stifled”—which is a fancy way of sayin’ they’ve been kept on a shorter leash than Huck on painting duty—and figures the rules are about as sturdy as a riverboat in a tornado. 🚤

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2025-05-05 09:24