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Canary Capital Files for Litecoin ETF, LTC Price Surges
Summary: Cryptocurrency investment firm Canary Capital has taken another step toward bringing Litecoin to the mainstream, submitting an S-1 form for a Litecoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The move comes after Canary Capital previously filed for a spot XRP ETF. The company, founded by Steven McClurg, a former co-founder ...
Cryptocurrency investment firm Canary Capital has taken another step toward bringing Litecoin to the mainstream, submitting an S-1 form for a Litecoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).
The move comes after Canary Capital previously filed for a spot XRP ETF. The company, founded by Steven McClurg, a former co-founder of Valkyrie Funds, is the first to seek SEC approval for a Litecoin ETF.
News of the filing sent LTC prices soaring, with the cryptocurrency breaking through the $70 mark and reaching $70.48, representing a 24-hour increase of 5.76%.
The SEC's decision on Canary Capital's application will be closely watched by the cryptocurrency industry, as it could pave the way for greater institutional investment in Litecoin and other cryptocurrencies.
Tags: Canary Capital,Litecoin,Litecoin ETF,LTC,SEC
Link: Canary Capital Files for Litecoin ETF, LTC Price Surges [Copy]
