
PANews|Apr 11, 2025 09:47
Canary's Litecoin spot ETF has been included in the DTCC list before being approved by the SEC
According to Cryptonews, Canary Capital's Litecoin ETF, a cryptocurrency fund management company, has been included in the ETF list of the Depository Trust and Clearing Corporation (DTCC) in the United States. On Thursday evening, the ETF appeared on the official DTCC website under the code LTCC. Canary's Litecoin spot ETF is still awaiting regulatory approval from the US Securities and Exchange Commission (SEC). However, the inclusion of DTCC marks a preparatory step towards the potential launch of the ETF. Bloomberg's Chief ETF Analyst Eric Balchunas said, "Being on the list does not mean it has been approved or is ready to start trading, but it does indicate that the issuer is preparing for approval. Canary's Litecoin spot ETF has a 90% chance of being approved. If approved, Litecoin will become the third cryptocurrency after Bitcoin and Ethereum to serve as the underlying asset for spot ETFs
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