TechFlow, on October 3, according to Cointelegraph, the U.S. SEC failed to make a decision on the Canary Litecoin ETF by the original Thursday deadline, primarily due to the U.S. government shutdown. The SEC previously requested the applicant to withdraw the 19b-4 filing while retaining only the S-1 registration statement, indicating that regulators are adopting a new standardized listing framework. Bloomberg ETF analyst noted that the new framework is expected to significantly shorten the approval timeline and raise the probability of approval for certain crypto ETFs to 100%. Currently, the U.S. spot Bitcoin and Ethereum ETF market has reached $74.8 billion, and a new wave of crypto ETF products could further expand the market size.
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