SEC’s Grayscale Litecoin ETF Decision Gets Delayed Again—But Wait, There’s More!

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The United States SEC, always the eternal optimist when it comes to making decisions, has decided to delay yet another fate-determining move. This time, it’s Grayscale’s bold plan to launch a Spot Litecoin ETF on the NYSE Arca. If you’ve been holding your breath, you’ll have to hold it a bit longer—don’t worry, the SEC has opened up its usual floodgates for public opinion.

“The SEC has delayed its decision on the Grayscale Spot Litecoin ETF, encourages interested persons to provide comments.”

— Litecoin Foundation ⚡️ (@LTCFoundation) May 13, 2025

So, Grayscale’s pitch is as straightforward as it gets: Why bother with all the messy crypto wallets and pesky private keys when you could just buy shares in a trust that tracks Litecoin’s price? No need to understand the complex world of digital currencies, just let the price dance to the beat of the CoinDesk Litecoin Index (LTX), which pulls data from a handful of exchanges. It’s like buying into Litecoin without, you know, actually touching it. It’s so easy, it’s almost like they’re daring you to say no.

The CoinDesk Litecoin Price Index, in all its glory, performs the miraculous feat of pulling data from various crypto trading platforms, which—surprise, surprise—gets published at 4:00 p.m. ET every day. This data helps determine the trust’s value, minus those fun little things like fees and other mysterious costs that we don’t really talk about.

And what about the market? Well, don’t get your hopes up. Litecoin is holding steady at $103.29, showing a modest 1.46% increase in the last 24 hours. It’s currently perched at a humble #23 in market cap, sitting at $7.83 billion. But don’t celebrate too soon—the 24-hour trading volume has dropped by 15.89%, now sitting at $753.75 million. So, not exactly fireworks, but hey, it’s something!

But let’s not act too surprised. The SEC has been playing it safe with all the spot crypto ETFs so far. They don’t want to rush things—no, they’d much rather hear from the public first. Because who doesn’t love a good public comment section, right?

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2025-05-14 13:12