Litecoin ETF: Canary Capital Unveils First U.S. LTC Spot Fund

Friday Trading

October 16, 2024 – Just weeks after filing a groundbreaking proposal for a spot XRP ETF, Canary Capital Group has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin ETF. The move marks a major step forward for the young digital asset investment firm as it seeks to expand the reach of cryptocurrency ETFs in the United States. The new fund, dubbed the “Canary Litecoin ETF,” represents the latest effort to provide investors with access to Litecoin (LTC) through traditional brokerage channels.

Founded just a month ago, Canary Capital Group aims to become a leader in the cryptocurrency ETF space. The company, led by Steven McClurg, former chief investment officer and co-founder of Valkyrie Funds, hopes to bring institutional legitimacy to the digital asset ecosystem. McClurg's previous experience with Valkyrie Funds, which offers Bitcoin and Ethereum ETFs in the United States, shows a strong commitment to expanding the availability of crypto-focused financial products.#etf #LTC #BinanceTurns7 $LTC