The US Securities and Exchange Commission (SEC) has further delayed a decision on Canary Capital’s proposal for a place Litecoin (LTC) Exchange-Traded Fund (ETF).

This comes after the agency delayed several other applications to spot -crypto -Tfs last week, including XRP, Hedera and Dogecoin, but had not done so for Canary Litecoin ETF, which triggered hope that the regulator may have different plans for this fund.

But on Monday, the official deadline, the regulator announced the delay and asked for public comments regarding the proposal’s compliance with regulatory requirements.

“In particular, the Commission is looking for a comment on whether the proposal to list and trade with the trust’s shares that will contain LTC are designed to prevent false and manipulative actions and practices or raise new or new concerns that have not previously been considered by the Commission,” the agency wrote in an archiving.

Canary Capital, founded by the former Valkyrie Funds-co-founder Steven McClurg last year, had submitted preliminary papers to the Fund in October.

LTC, located on a market capital of $ 6.6 billion, is the original cryptocurrency of Litecoin, an open source blockchain project whose code is copied from Bitcoin’s (BTC).

ETF experts at Bloomberg Intelligence had predicted that the token would be the next one wrapped in an ETF in the middle of Skrot that Canary Capital had received comments back from SEC regarding its application back in January.

Issuers have not yet received the first major decision on crypto -Tfs made by recently appointed SEC chairman Paul Atkins, who took the position in April.

Atkins’ replacement of former President Gary Gensler has been characterized as a “huge variable” by Bloomberg Senior ETF analyst Eric Balchunas.