Nasdaq Files for Canary Litecoin ETF with SEC
- Nasdaq submitted a 19b-4 form to the SEC for the Canary Litecoin ETF on January 16.
- This filing initiates a 240-day review period by the SEC.
- U.S. Bancorp Fund Services, LLC will serve as the fund administrator.
- Coinbase Custody Trust Company LLC will act as custodian for the Litecoin assets.
- The cryptocurrency market responded positively, with Litecoin’s price increasing by over 15% in one day.
The submission of Nasdaq’s 19b-4 form marks an important step towards potentially gaining SEC approval for a spot Litecoin ETF, sparking a notable surge in Litecoin’s market value.
