Breaking: Canary Capital Files For Litecoin ETF In The US

1 year ago 250

Canary Capital Files For Litecoin ETF In The US

Canary Capital, a US-based asset management firm has applied to list a Litecoin spot Exchange Traded Fund (ETF). According to the Form S-1 lodged with the US Securities and Exchange Commission (SEC), the firm named the product the Canary Litecoin ETF.

Litecoin ETF: Can It Make the Difference

For one reason most do not know, Litecoin is rarely regarded as a security by the US SEC. Notably, the digital currency is one of the oldest assets in the industry with complete utility status. This push for an LTC ($94.92) ETF product is the first of its kind filed in the United States.

The push for a Litecoin ETF succeeds the XRP ($2.42) ETF application filed by Canary Capital earlier this month. With this product, the number of assets linked directly to regulated funds is now growing.

This is a breaking news, please check back for updates!!!

The post Breaking: Canary Capital Files For Litecoin ETF In The US appeared first on CoinGape.

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