LTC News: Canary Capital Lists Litecoin Spot ETF on DTCC as LTCC

Canary Capital has made headlines in the cryptocurrency market by listing its Litecoin spot ETF on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC, indicating a potential launch of the ETF pending regulatory approval.

Canary Capital’s Litecoin Spot ETF Listed on DTCC Under LTCC Ticker

Canary Capital has made a significant move in the cryptocurrency market by listing its spot Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC. This listing marks a crucial step towards the potential launch of the ETF, although it does not guarantee regulatory approval. The DTCC, which serves as a key clearing and settlement provider for U.S. securities, lists both active ETFs and pre-launch funds awaiting approval. The ETF still requires approval from the U.S. Securities and Exchange Commission before it can begin trading. If approved, it would be the first U.S. spot ETF for a cryptocurrency, following Canary Capital's initial filing for its Litecoin (LTC) ETF in October 2024.

Crypto ETF Showdown: Which Altcoin Will Win 2025?

In 2025, the cryptocurrency market is heating up with altcoins competing for the next big ETF approval following Bitcoin and Ethereum’s success. Crypto ETFs, which offer investors exposure to cryptocurrencies with regulation, diversification, and transparency, are at the forefront of this competition. Cardano, praised for its security and scalability, has joined the race, along with Solana, supported by financial giants and optimistic market predictions, and Litecoin, seen as 'digital silver' due to its history, widespread listings, and advantages over Bitcoin. With the SEC now more crypto-friendly under President Trump, the stakes are even higher in this competitive race that could reshape the future of digital finance.

Bitget Daily Digest (February 21) highlights diverging performance of new coins and positive news for NEAR and LTC

The crypto market saw a mix of performances from newly listed coins as $IP futures liquidations neared those of $BTC. Coins like $IP, $KAITO, $BERA, and $LAYER surged, with $IP briefly touching $9. Additionally, Nomura's Laser Digital launched a $NEAR-based fund, and the Canary Litecoin spot ETF entered the pre-listing process, indicating potential mainstream integration for Litecoin.