After XRP ETF, Canary Capital Files for Litecoin ETF

Digital asset management company Canary Capital officially filed with the SEC for a Litecoin ETF on October 15.

On October 15th, Canary Capital, a cryptocurrency investment firm, officially filed an S-1 form with the U.S. Securities and Exchange Commission (SEC), proposing the launch of the first-ever Litecoin spot ETF. This move came just days after the company submitted a filing to launch an XRP spot ETF.

The Litecoin spot ETF aims to provide investors with direct exposure to the value of Litecoin (LTC) held by the fund. According to the S-1 filing, the fund’s performance will track the price fluctuations of Litecoin, minus management and operational fees. However, Canary Capital has yet to disclose information about the trust manager, custodian, management fees, or the ticker symbol for this fund.