US President Trump's 60-day executive order on the Bitcoin Strategic Reserve expires today.
James Seyffart noted that CanaryFunds' Litecoin ETF application is expected to be decided on Monday, May 5, but will likely be delayed. While the SEC has postponed many applications, it has not yet postponed the Litecoin application. Seyffart stated that Litecoin has a chance to get early approval, but personally, a delay is more likely and emphasized that this process should be carefully monitored.
At the time of writing, Bitcoin (BTC) is trading at $94,684 and Ethereum (ETH) is trading at $1,819.
The fear and greed index is neutral at “49”.
Important developments during the day:
