Canary Capital’s U.S. spot Litecoin exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of ETFs on its official website. The DTCC is a provider of post-trade clearance, settlement, custody and information services, according to the Nasdaq.
On DTCC, the Canary Litecoin ETF was given the ticker symbol LTCC. The DTCC listing, spotted earlier today by Pheonix News, is generally considered a positive signal for an ETF that’s looking to launch.
Approval would make Litecoin the first cryptocurrency beyond Bitcoin and Ether to serve as a base asset for a spot ETF.
However, the DTCC listing is part of the preparation process and does not guarantee that the ETF will be launched, as the fund is still pending regulatory approval from the U.S. Securities and Exchange Commission.
“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active ('pre launch') and, therefore, are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals,” the DTCC noted.
In the case of VanEck’s spot Ethereum ETF, the fund started trading on Cboe around two months after it was listed on the DTCC in May 2024.
Last month, the SEC asked for public comment on Canary’s proposed spot Litecoin ETF, after Nasdaq filed a 19b-4 form for the fund.
The SEC has a period of 45 days, which may be extended to 90 days, from the date of publication of the 19b-4 proposal in the Federal Register to determine whether to approve or disapprove the proposed rule change. The proposed rule change for the Canary Litecoin ETF was published in the Federal Register on Feb. 4.
The Block has reached out to Canary Capital for comment on the DTCC listing.
Multiple issuers have also filed applications to launch spot XRP, Solana and Dogecoin ETFs, many of which have been acknowledged by the SEC.
The past few months have seen a flurry of various spot crypto ETF filings as Donald Trump’s administration brought in a positive change in crypto regulation. The SEC has pledged to bring more clarity to crypto regulations, with its recently established crypto task force focusing on determining which cryptocurrencies are not financial securities.
Meanwhile, the price of litecoin edged up 0.3% in the past 24 hours to trade at $133.09 as of 10:00 a.m. Friday in Hong Kong, according to The Block’s LTC price page.
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