Canary's submitted Litecoin ETF may receive a decision from the SEC on May 5.

According to Wu, Bloomberg analyst James Seyffart stated that the Litecoin ETF filed by Canary Funds is expected to receive a decision from the U.S. Securities and Exchange Commission (SEC) by May 5 at the latest, which may result in a delayed decision. Previously, the SEC had made delayed decisions on several applications in advance, but did not include this ETF. He believes that if any assets are likely to be approved early, Litecoin may have a certain possibility, although he personally tends to expect a delay.