Litecoin (LTC) surged by almost 12% on Tuesday after the U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on a proposed spot Litecoin ETF.
Despite the delay, the market responded positively. LTC traded around $92.05, marking an 12% gain in the past 24 hours.
Litecoin’s trading volume didn’t just rise—it exploded, jumping over 59% to $877 million as the SEC’s ETF delay sparked fresh buying.
The proposal, submitted by Canary Funds, aims to launch the first U.S.-based spot ETF tied directly to Litecoin’s market price. But instead of approving or rejecting it, the SEC is now opening the floor for public comments—mainly on whether such an ETF can effectively protect investors from fraud and market manipulation.
LTC now sits at the #21 spot on the crypto charts with a market cap nearing $7 billion.
The sudden pump? It’s a clear sign investors are still hungry for crypto ETFs—even if regulators are still dragging their feet. With the SEC opening the floor to public comments, the final call might not come until 2025.
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