LTC and BNB May Get ETFs: SEC Speeds Up Application Reviews
According to a Bloomberg analyst, the U.S. Securities and Exchange Commission (SEC) may approve Canary Capital’s application for a spot ETF based on Litecoin (LTC) as early as today. This would mark another step toward the legalization and institutionalization of cryptocurrencies, following the approval of ETFs for Bitcoin and Ethereum.
Approval of an LTC ETF could give the market a fresh boost and enhance the perception of Litecoin as one of the oldest and most stable crypto assets. As investor interest expands beyond BTC and ETH, the launch of an LTC ETF could become a significant event for both retail and institutional players.
In addition, investment firm VanEck has submitted an application to the SEC to launch a BNB ETF — a fund based on the token of Binance, the world’s largest cryptocurrency exchange by trading volume. If approved, this would set an important precedent, as BNB has often been viewed as highly centralized, raising regulatory concerns.
This signals that the market is moving toward broader coverage of investment tools for institutions. ETFs based on LTC and BNB could pave the way for funds tied to other major cryptocurrencies.
SEC Hosts Roundtable: Tokenization and DeFi in the Spotlight
On May 12, the SEC will hold its fourth roundtable discussion focused on asset tokenization and decentralized finance (DeFi). The event will bring together industry players, regulators, legal experts, and academics.
The roundtable format allows for a more flexible dialogue on key regulatory topics: how to tokenize securities within the framework of existing laws, how to ensure transparency in DeFi protocols, and how to combat money laundering and market manipulation.
It’s clear that the SEC understands crypto development requires not just oversight, but also collaboration. Events like this may play a crucial role in shaping future regulatory frameworks, especially amid political pressure and the growing popularity of decentralized solutions.
Solana Under Fire but Holding Strong: Critical Vulnerability Resolved
Meanwhile, the Solana blockchain validator team has successfully neutralized a potentially dangerous vulnerability discovered on April 16. The issue could have led to unlimited issuance of certain tokens within the network — essentially enabling the creation of digital assets “out of thin air,” which would severely damage trust in the system.
The Solana Foundation reported that the vulnerability was resolved within two days of its discovery. The update was rolled out in a coordinated effort involving key network validators, preventing any serious consequences.
According to the Foundation’s official statement, no users were affected and all funds remain safe. This is not the first time Solana has responded swiftly to threats, reinforcing its ability to address critical issues quickly.
On the one hand, incidents like this highlight vulnerabilities in Solana’s relatively young architecture. On the other, they demonstrate the strength of its validator community and the importance of decentralized, yet coordinated, network support.
Several major developments suggest the crypto market is rapidly maturing. The approval of new ETFs signals growing institutional interest, while SEC initiatives point to an ongoing effort to balance regulation with innovation. At the same time, technical incidents like the one with Solana serve as reminders of inevitable risks and the need for constant security vigilance.
The crypto industry is entering a phase of maturity where every event — whether an ETF approval, a technical issue, or a regulatory discussion — impacts not only the price of a specific token but also the overall perception of the industry by investors and the general public.
