Canary Capital’s Litecoin ETF Inches Closer to Launch with DTCC Listing

The U.S. Depository Trust and Clearing Corporation (DTCC) has added Canary Capital’s Litecoin exchange-traded fund (ETF) to its official list of eligible products. This move signifies progress towards a potential launch, although the ETF still awaits regulatory approval from the Securities and Exchange Commission (SEC). While the listing doesn’t guarantee immediate trading, it indicates that the issuer is actively preparing for SEC review. Analyst Eric Balchunas of Bloomberg suggests a 90% likelihood of the ETF receiving approval, which would make Litecoin the third cryptocurrency to be used as the underlying asset for a spot ETF after Bitcoin and Ethereum.