Canary
1,390 views
2 Posts
Hot
Latest
#Canary Capital Files for Litecoin #LTC , Expanding Crypto Investment Offerings
Canary Capital has officially filed for a Litecoin (#LTC ) Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
This move follows their recent filing for an XRP ETF, demonstrating increasing interest in crypto-based investment products. The proposed Litecoin ETF aims to simplify access to Litecoin for both institutional and retail investors, avoiding the complexities of directly purchasing, securing, and managing Litecoin through digital wallets and exchanges.
The ETF will track the value of Litecoin, holding LTC as its sole asset. To ensure security, the assets will primarily be stored in cold wallets, with a small portion in hot wallets for immediate transactions.
Shares of the ETF will be traded on secondary markets, allowing investors to gain exposure to Litecoin without directly holding the cryptocurrency.
This filing reflects the growing institutional interest in cryptocurrency ETFs, with Bitcoin ETFs already managing over $60 billion in assets.
$BNB
$BTC
Canary Capital has officially filed for a Litecoin (#LTC ) Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
This move follows their recent filing for an XRP ETF, demonstrating increasing interest in crypto-based investment products. The proposed Litecoin ETF aims to simplify access to Litecoin for both institutional and retail investors, avoiding the complexities of directly purchasing, securing, and managing Litecoin through digital wallets and exchanges.
The ETF will track the value of Litecoin, holding LTC as its sole asset. To ensure security, the assets will primarily be stored in cold wallets, with a small portion in hot wallets for immediate transactions.
Shares of the ETF will be traded on secondary markets, allowing investors to gain exposure to Litecoin without directly holding the cryptocurrency.
This filing reflects the growing institutional interest in cryptocurrency ETFs, with Bitcoin ETFs already managing over $60 billion in assets.
$BNB
$BTC
Hedera (HBAR) Price Drops, But Long-Term Growth in Sight 🚀
The recent dip in $HBAR has left many concerned, as global tensions between Iran and Israel shake investor confidence. But remember, the cryptocurrency itself isn’t at fault here.
Despite current volatility, Hedera remains strong in innovation, with the recent launch of a toolkit for on-chain asset tokenization and a partnership with the Linux Foundation’s Decentralized Trust Project.
Exciting news also comes from the launch of the Canary HBAR Trust, hinting at potential ETF integration! 📈
While the market is down now, these strategic moves lay the foundation for long-term growth. Patience is key 🔑
#Hedera #HBAR #Iran #Israel #Canary
The recent dip in $HBAR has left many concerned, as global tensions between Iran and Israel shake investor confidence. But remember, the cryptocurrency itself isn’t at fault here.
Despite current volatility, Hedera remains strong in innovation, with the recent launch of a toolkit for on-chain asset tokenization and a partnership with the Linux Foundation’s Decentralized Trust Project.
Exciting news also comes from the launch of the Canary HBAR Trust, hinting at potential ETF integration! 📈
While the market is down now, these strategic moves lay the foundation for long-term growth. Patience is key 🔑
#Hedera #HBAR #Iran #Israel #Canary