Canary Capital Spot Litecoin ETF Added to DTCC Listing
The Litecoin spot exchange-traded fund (ETF) proposed by Canary Capital in the United States has been added to the Depository Trust and Clearing Corporation (DTCC) ETF listing on its official website. DTCC is a provider of settlement, custody, clearing and post-trade information services, according to Nasdaq.
On the DTCC system, the Canary Litecoin ETF has the ticker symbol LTCC. The appearance on the DTCC listing, which was spotted by Pheonix News earlier today, is seen as a positive sign for an ETF in the process of launching.
If approved, it would be the first ETF to use Litecoin as an underlying asset, after Bitcoin and Ethereum. However, being on the DTCC listing does not guarantee that the ETF will officially launch, as the fund is still awaiting approval from the US Securities and Exchange Commission (SEC).
“This list includes both active ETFs that can be processed at DTCC and inactive (‘pre-launch’) ETFs. As such, these securities cannot be processed at DTCC unless and until they receive all necessary regulatory approvals,” DTCC noted.
In the case of VanEck’s Ethereum Spot ETF, the fund began trading on Cboe about two months after it was listed on DTCC in May 2024. This suggests that if approved, the Canary Litecoin ETF could take several more months to trade.
Last month, the SEC invited public comment on Canary Capital’s proposed Litecoin Spot ETF, after Nasdaq filed a Form 19b-4 for the fund. Under the process, the SEC has 45 days to approve or disapprove the proposal, which can be extended to a maximum of 90 days. The proposed rule change for the Canary Litecoin ETF was published in the Federal Register on February 4.
The Block reached out to Canary Capital for comment on the fund’s inclusion on the DTCC but has not yet received an official response.
In addition, a number of issuers have filed for other spot cryptocurrency ETFs, including XRP, Solana, and Dogecoin. Some of the filings have been confirmed by the SEC.
Amid the Trump administration’s aggressive stance toward the cryptocurrency industry, spot cryptocurrency ETF filings have increased significantly in recent months. The SEC has pledged to provide more regulatory clarity around cryptocurrencies, and has established a task force to determine what assets are not financial securities.
On the market front, Litecoin’s price has increased slightly by 0.3% over the past 24 hours, trading at $133.09 as of 10:00 a.m. Friday in Hong Kong.
