Litecoin ETF Filing by Canary Capital

SEC Acknowledges Canary Capital’s Litecoin ETF Proposal

• The SEC has opened public feedback for Canary Capital’s Litecoin ETF proposal.
• This is the first altcoin ETF filing acknowledged by the SEC.
• Nasdaq submitted a 19b-4 filing on January 15 for the spot Litecoin fund.
• The ETF aims to track the CoinDesk Litecoin Price Index (LTX).
• Authorized Participants can create and redeem ETF shares using a cash-only system.

The SEC’s acknowledgment of Canary Capital’s Litecoin ETF marks progress in altcoin ETFs, with Nasdaq acting as the listing venue through a January 15 submission. The proposed ETF will track the CoinDesk LTX index and streamline investment via brokerage accounts.