Key dealers
- Canary Capital’s Litecoin Spot ETF is listed on DTCC under Ticker LTCC.
- ETF is expected to be the first to receive SEC’s decision among similar applications.
Canary Capital’s Spot Litcoin ETF has Appealed On the Depository Trust and Clearing Corporation (DTCC) system under Ticker LTCC, which marks an important preparatory step for the Fund’s potential launch.
The DTCC list establishes the necessary trade infrastructure for ETF, even if Sec approval remains in anticipation. DTCC serves as the primary supplier of clearing and custody services for US securities transactions.
Canary capital potted Its place Litecoin ETF application in October 2024, followed by similar applications from asset managers including gray scale and coiners. The Canary application is expected to be the first to receive a Sec’s decision.
Bloomberg ETF analyst Eric Balchunas and James Seyffart show the prospects for Litecoin-based funds as more favorable compared to other crypto access funds. The analysts note that ETF meets the approval requirements, with Litecoin already classified as an item of cftc.
LitaCoin’s price has risen over 100% since the first Litecoin ETF application was submitted to Sec, according to COESTECKO data. Digital access is currently traded at about $ 130 and shows an increase of 2% in the last hour.
