LTC News: Canary Capital’s Spot Litecoin ETF Listed on DTCC Ahead of Potential SEC Approval

In a significant move towards regulatory approval, Canary Capital’s spot Litecoin exchange-traded fund (ETF) has been added to the Depository Trust and Clearing Corporation (DTCC) ETF list, paving the way for potential clearance from the US Securities and Exchange Commission (SEC).

Canary’s Spot Litecoin ETF Added to DTCC List

Crypto fund manager Canary Capital’s spot Litecoin exchange-traded fund (ETF) has been listed on the Depository Trust and Clearing Corporation (DTCC) ETF list ahead of potential SEC clearance. The ETF, listed under the ticker LTCC, appeared on DTCC's official website late Thursday. The fund still awaits regulatory approval from the US Securities and Exchange Commission (SEC), but the DTCC listing marks a significant preparatory step towards its potential launch.

Canary Capital’s Litecoin ETF Listed on DTCC, Trading May Begin Soon

Canary Capital’s proposed Litecoin (LTC) ETF has been listed on the Depository Trust and Clearing Corporation (DTCC), prompting analysts to speculate that the product could begin trading soon. Bloomberg ETF analyst Eric Balchunas maintained approval odds for LTC ETF at 90%. However, he noted that the DTCC listing was a preparation for an ETF launch and not an outright approval signal. Nate Geraci of ETF Store echoed similar sentiments, adding that the product could begin trading soon, citing similarity to the BTC ETF approval process.

Litecoin (LTC) Surges 46% in 2 Weeks Amid ETF Buzz

Litecoin (LTC), ranked #15 in market cap, has grown by 46% in over two weeks, fueled by investor Optimism and increased network utility. The asset, often overshadowed by Bitcoin (BTC) and others, registered $9.6 billion in daily on-chain transaction volumes. LTC's momentum is building quietly, driven by ETF speculation and institutional interest.