Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed
- Spot Litecoin ETF by Canary Capital has been listed on the DTCC website
- The ETF has been listed under the ticker LTCC, as per Litecoin Foundation
- Litecoin price soared 4% in the past day as the cryptocurrency faces resistance at $142
The spot Litecoin exchange-traded fund (ETF) by Canary Capital has appeared on the official website of the Depository Trust and Clearing Corporation (DTCC). This listing, under the ticker LTCC, can potentially impact the price of the LTC token for sure.
Litecoin Foundation, the group focused on Litecoin’s growth, confirmed this news on their X handle.
The firm shared an image of the ETF listed on DTCC under LTCC (seen below). In their statement, the Foundation noted that DTCC is a key part of global financial markets. They added that it “processes trillions of dollars in securities transactions each day.”
Mainstream Adoption Beckons for Litecoin ETF
By getting listed in this system, the Canary Capital Litecoin ETF moves closer to mainstream adoption. And If the Litecoin ETF is approved for broader trading, increased institutional demand can positively impact price and improve liquidity.
Reflecting market opt…
The post Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed appeared first on Coin Edition.
Read More
Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed
- Spot Litecoin ETF by Canary Capital has been listed on the DTCC website
- The ETF has been listed under the ticker LTCC, as per Litecoin Foundation
- Litecoin price soared 4% in the past day as the cryptocurrency faces resistance at $142
The spot Litecoin exchange-traded fund (ETF) by Canary Capital has appeared on the official website of the Depository Trust and Clearing Corporation (DTCC). This listing, under the ticker LTCC, can potentially impact the price of the LTC token for sure.
Litecoin Foundation, the group focused on Litecoin’s growth, confirmed this news on their X handle.
The firm shared an image of the ETF listed on DTCC under LTCC (seen below). In their statement, the Foundation noted that DTCC is a key part of global financial markets. They added that it “processes trillions of dollars in securities transactions each day.”
Mainstream Adoption Beckons for Litecoin ETF
By getting listed in this system, the Canary Capital Litecoin ETF moves closer to mainstream adoption. And If the Litecoin ETF is approved for broader trading, increased institutional demand can positively impact price and improve liquidity.
Reflecting market opt…
The post Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed appeared first on Coin Edition.
Read More