Canary Capital's Litecoin ETF Moves Closer to Launch with DTCC Listing

According to PANews, Canary Capital's Litecoin ETF has been added to the list of ETFs by the U.S. Depository Trust and Clearing Corporation (DTCC). The ETF, identified by the code LTCC, appeared on the DTCC's official website on Thursday evening. While the ETF still awaits regulatory approval from the U.S. Securities and Exchange Commission (SEC), its inclusion in the DTCC list marks a preparatory step towards a potential launch. Eric Balchunas, Bloomberg's chief ETF analyst, noted that being listed does not imply approval or readiness for trading, but it does indicate that the issuer is preparing for approval. Canary's Litecoin spot ETF has a 90% chance of receiving approval. If approved, Litecoin would become the third cryptocurrency to serve as the underlying asset for a spot ETF, following Bitcoin and Ethereum.