Canary Capital's Litecoin (LTC) exchange-traded fund (ETF) is due to be decided upon by the U.S.SEC on May 5, 2025.

The SR-NASDAQ-2025-005 filing has caught the attention of the cryptocurrency market.

The proposed offering of a Litecoin exchange-traded fund (ETF) by Canary Capital is due to be decided upon by the U.S. SEC on May 5, 2025. The SR-NASDAQ-2025-005 filing has come into the focus of the cryptocurrency market as the apex regulator is set to either approve, disapprove, or start proceedings to further consider the proposed rule change, according to a statement by the Division of Trading and Markets.

For Litecoin (LTC), a cryptocurrency that has been steadily gaining attention in 2025, the decision carries weight as it is one of the few that the SEC has not yet delayed, meaning that this one remains on track for a potential ruling. Some have speculated that the early lack of a delay is a sign of an early approval, while others believe that the SEC will bump up the review period.

Litecoin Price Moves in Anticipation of ETF Ruling

Investor interest in cryptocurrency grew as the cryptocurrency went up 2.5% to $89.30 on May 5. Meanwhile, trading rose 81% in the last 24 hours to $480 million.

It is part of a broader crypto market trend of optimism. Since April, the price of Litecoin has been slowly recovering and, as of the last 24 hours, stayed above the 50-day moving average of $82.87. A Relative Strength Index at 56 says that there is room for growth, and expanding Bollinger Bands hint at rising volatility. Levels of support can be seen at $82 and $78, levels of resistance at $90. This could be the sign of a stronger upward trend with the resistance break from here.

Canary Capital’s application to list a Litecoin ETF on Nasdaq was filed in January 2025 and is being tracked closely by the crypto community.

The SEC’s decision could also have implications for other cryptocurrencies that are pending approval for ETFs. Litecoin’s proof of work mechanism is similar to that of Bitcoin, which may help to dispel any regulatory worries compared to other, similar altcoins such as Solana or XRP, which are currently being involved in legal matters.

If Litecoin is approved, it could have institutional appeal and, as a result, the price could go up and more of it could get adopted by the mainstream.

The SEC’s history with crypto ETFs is one of caution. Despite the recent approval of many Ethereum and Bitcoin ETFs, the approval process for other altcoins has been much slower.

If approved, the outcome of the Litecoin ETF could affect the timeline for other pending applications, including those for Dogecoin and Solana, which have final deadlines of October 2025.