Canary Capital Litecoin Spot ETF LTCC listed on DTCC

Canary Capital’s Litecoin ETF Spot was registered on the Trust and Compensation Society under the LTCC Ticker, marking a key step to its potential launch.

THE registrationWho appeared on DTCC at the end of Thursday, February 20, does not guarantee regulatory approval but indicates that the infrastructure necessary for trading is implemented.

The DTCC serves as a key supplier for compensation and settlement for American securities, listing both active FNBs and pre-launch funds awaiting approval. In the end, the FNB still requires the approval of the American Commission for Securities and Exchange before being able to start to negotiate.

Canary Capital initially deposited its Litecoin (Thal) ETF in October 2024, before similar applications of the gray and coinshares scale. If it is approved, it would be the First of all US SPOT ETF for cryptocurrency beyond Bitcoin (BTC) and Ethereum (Ethn), potentially opening the way to additional ETF based on Altcoin.

The SEC is currently examining the request, according to the 19B-4 submission of the NASDAQ for the fund. Last month, the agency opened the public comment proposal, and it has up to 90 days from February 4 to make a decision.

Bloomberg ETF analyst Eric Balchunas recently shared his thoughts through an article on X. Balchunas thinks that there is a 90% probability that Litecoin Spot ETF is approved. He previously expressed his optimism as to the possibility of other ETF Altcoin as Ripple (Xrp) and Solana (GROUND) be approved in 2025.

After the news, Litecoin has crowded 4% in the last 24 hours, reflecting the increased optimism of investors on the potential FNB approval.

Simple reports The fact that Litecoin has exceeded several leading cryptocurrencies, seeing a 46% increase in its market capitalization between February 2 and 19. During this period, he also recorded a daily transaction volume of $ 9.6 billion.