Litecoin Down 5% After SEC Delays ETF Filing Over Fraud Concerns

The SEC delayed Canary Capital’s application for a Litecoin ETF today, opening public comments over the proposal’s compliance with regulatory requirements. The price of LTC fell 5% after the announcement. The public comment aspect doesn’t appear to signal the Commission’s intentions; this could be a standard delaying tactic. Nonetheless, the market immediately took it as a bearish signal source: https://beincrypto.com/litecoin-etf-delays-sec-approval-public-comment/