Key takeout
- Canary Capital's Litecoin Spot ETF is listed under DTCC under the ticker LTCC.
- It is expected that the ETF was the first to receive the SEC decision within a similar application.
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The Canary Capital's Spot Litecoin ETF appears in the Dository Trust and Clearing Corporation (DTCC) system under the ticker LTCC, marking an important preparatory step for the fund's potential launch.
The DTCC list establishes the trading infrastructure required for the ETF, but SEC approval is pending. DTCC serves as the leading clearing and custody service provider for US securities transactions.
Canary Capital submitted a Spot Litecoin ETF application in October 2024, followed by similar filings from asset managers, including Grayscale and Coinshares. Canary applications are expected to receive SEC decisions first.
Bloomberg ETF analysts Eric Bulknath and James Seyfert view Litecoinbase fund outlook as a more advantageous over other crypto funds. Analysts note that ETFs meet the approval requirements and Litecoin has already been classified as a product by CFTC.
According to Coingecko data, Litecoin prices have risen by more than 100% since the first Litecoin ETF filing was filed with the SEC. Digital assets are currently trading at around $130, up 2% over the past hour.
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