First Spot Litecoin ETF Filed with SEC by Canary Capital
- Canary Capital files for the first US spot Litecoin ETF amid rising institutional demand.
- Grayscale Litecoin Trust dominates the market, holding $127.4M in assets under management.
- Litecoin’s structure positions it favorably for ETF approval, unlike regulatory-challenged Solana.
Canary Capital, the Nashville-based asset management firm, has filed an S-1 application with the US Securities and Exchange Commission (SEC) to launch the first spot Litecoin (LTC) exchange-traded fund (ETF) in the United States.
The filing comes just days after the company submitted a similar application for a spot XRP ETF. This marks a major development for Litecoin, signaling growing institutional interest in the digital asset, which is often compared to Bitcoin as a decentralized and widely adopted cryptocurrency.
Rising Institutional Interest in Litecoin
Litecoin founder Charlie Lee is optimistic about the potential approval of the ETF, citing growing institutional demand for Litecoin. Lee pointed to the daily increase in the Grayscale Litecoin Trust, which is currently trading at more than double its net asset value (NAV), as a strong indicator of this demand.
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The post First Spot Litecoin ETF Filed with SEC by Canary Capital appeared first on Coin Edition.
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First Spot Litecoin ETF Filed with SEC by Canary Capital
- Canary Capital files for the first US spot Litecoin ETF amid rising institutional demand.
- Grayscale Litecoin Trust dominates the market, holding $127.4M in assets under management.
- Litecoin’s structure positions it favorably for ETF approval, unlike regulatory-challenged Solana.
Canary Capital, the Nashville-based asset management firm, has filed an S-1 application with the US Securities and Exchange Commission (SEC) to launch the first spot Litecoin (LTC) exchange-traded fund (ETF) in the United States.
The filing comes just days after the company submitted a similar application for a spot XRP ETF. This marks a major development for Litecoin, signaling growing institutional interest in the digital asset, which is often compared to Bitcoin as a decentralized and widely adopted cryptocurrency.
Rising Institutional Interest in Litecoin
Litecoin founder Charlie Lee is optimistic about the potential approval of the ETF, citing growing institutional demand for Litecoin. Lee pointed to the daily increase in the Grayscale Litecoin Trust, which is currently trading at more than double its net asset value (NAV), as a strong indicator of this demand.
Additiona…
The post First Spot Litecoin ETF Filed with SEC by Canary Capital appeared first on Coin Edition.
Read More
SEC Green Light on Liquid Staking Sends ETH Past $4K, Spurs Broad Staking and Layer-2 Rally