𝗦𝗘 𝗣𝗥𝗜𝗠𝗘𝗥 𝗜𝗻𝗱 𝗟𝗜𝗧𝗘𝗖𝗢𝗜𝗡 𝗦𝗘 𝗧𝗜𝗘𝗦𝗘𝗡𝗧𝗔𝗧𝗔𝗟𝗜𝗧 𝗜𝗻𝗱 𝗟𝗜𝗧𝗘𝗖𝗢𝗜𝗡 📋

Canary Capital Group has filed the first-ever application to launch a Litecoin ETF ($LTC ) with the SEC, marking a milestone in the industry. This exchange-traded fund would allow investors to access#LTCthrough traditional brokerage accounts, without the need to own cryptocurrencies directly.

The news boosted the price of $LTC , which rose 11% to $71.7 after the announcement. This proposal follows a recent filing by Canary for an XRP ETF, signaling its intention to expand the offering of financial products tied to cryptocurrencies. The acceptance of this ETF could attract significant investment towards LTC, increasing its adoption and liquidity.

Cryptocurrency ETFs have gained popularity in the financial ecosystem, providing institutional investors with safer and more regulated access to digital assets. If approved, the Litecoin ETF would join Bitcoin and Ether products, consolidating LTC's presence in the regulated crypto market.