Canary Litecoin ETF USD Price

The Canary Litecoin ETF is a proposed exchange-traded fund that aims to provide exposure to the price of Litecoin (LTC) by holding it directly within a trust. Canary Capital has filed an amended S-1 registration statement for this ETF, and Nasdaq has submitted a 19b-4 form on behalf of Canary Capital, which is essential for garnering approval from the U.S. Securities and Exchange Commission (SEC). The 19b-4 filing indicates that the SEC's approval process is underway.

The ETF is seen as having a high likelihood of being the next spot crypto ETF to be approved in the U.S., following the SEC's previous approvals of Bitcoin and Ethereum ETFs. The fund's administration and custody arrangements involve U.S. Bancorp Fund Services, Coinbase Custody Trust Company LLC, and BitGo. The SEC is currently soliciting public comments on the proposal, which marks a significant step forward in the approval process.