Canary

Litecoin

Read

ETF COIN

<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/01/On_White_-_2025-01-17T110832.177_optimized_2000-scaled.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/01/On_White_-_2025-01-17T110832.177_optimized_2000-1024x576.jpg" alt="Canary Litecoin ETF Seeks Approval With New Applications"></a>
 <figcaption>
 </figcaption>
</figure>
<p><strong>Key Points:</strong></p>
<ul>
 <li><em>Nasdaq has filed with the SEC to seek approval for Canary Litecoin ETF, with Bancorp Fund Services and Coinbase Custody Trust involved in managing the fund.</em></li>
 <li><em>Litecoin could see a boost in value if the ETF is approved following a recent downturn in its market activity.</em></li>
</ul>
<p><strong>Nasdaq has <a href="https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2025-005.pdf" target="_blank" rel="noopener noreferrer nofollow">filed</a> an application with the U.S. Securities and Exchange Commission for the approval of a spot Litecoin ETF.</strong></p>
<p style="background-color:#222222">Read more: <a href="https://coincu.com/302234-italian-bank-intesa-sanpaolo-bitcoin-purchase/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292400-bitcoin-etf-options-makes-important-progress/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/299209-volatility-shares-solana-etfs/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/299445-hong-kong-bitcoin-reserve-proposed/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/299470-tether-bitcoin-reserve-receives-7629-btc/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292948-bitfinex-securities-tokenized-u-s-treasury-bonds/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/300846-coinbase-sec-lawsuit-will-continue/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/215885-ton-foundation-takes-root-in-switzerland/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/269739-senator-cynthia-lummis-proposes-bitcoin-bill/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/298500-grayscale-submitted-grayscale-horizen-trust/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/302642-trumps-crypto-reserve-strategic-us-coin-reserve/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/300763-ripple-stablecoin-rlusd-gets-boost/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=290876&amp;action=edit" rel="noopener noreferrer nofollow">Donald Trump Victory Is Paving </a><a href="https://coincu.com/290876-donald-trump-victory-paving-way-for-altcoin-etfs/" rel="noopener noreferrer nofollow">the</a><a href="https://coincu.com/wp-admin/post.php?post=290876&amp;action=edit" rel="noopener noreferrer nofollow"> Way for Altcoin ETFs</a></p>
<h2 class="wp-block-heading" id="nasdaq-files-application-with-sec-for-approval-of-canary-litecoin-etf">Nasdaq Files Application with SEC for Approval of Canary Litecoin ETF</h2>
<p>The Wednesday filing, which was made on behalf of Canary Capital, is trying to bring "Canary Litecoin ETF" on board. The Bancorp Fund Services will act as the fund administrator, while US Bank NA will be appointed as the cash custodian of this ETF. Coinbase Custody Trust Company LLC has been given custody of Litecoins.</p>
<p>Today's filing represents the second step of a two-step process. This came on the same day that Canary Capital filed an amended Form S-1. Its approval will trigger the onset of the Canary Litecoin ETF approval process once the SEC certifies Form 19b-4 and publishes it in the Federal Register.</p>
<p><a href="https://coincu.com/301781-litecoin-x-account-was-hacked/" target="_blank" rel="noopener noreferrer nofollow">Litecoin</a> hit the market in 2011, boasts faster transaction processing than Bitcoin, and comes at cheaper fees. It also uses a different hashing algorithm to facilitate a more decentralized mining process, as compared to Bitcoin's structure.</p>
<h2 class="wp-block-heading" id="canary-capital-seeks-to-issue-litecoin-etf">Canary Capital Seeks To Issue Litecoin ETF</h2>
<p>If the SEC allows the listing of the Canary Litecoin ETF, it would give fresh legs to the ailing cryptocurrency that has seen its lowest daily active address count since 2023. But excitement about the possible ETF approval has already driven renewed interest.</p>
<p>Canary Capital, founded by Steven McClurg, a former co-founder of Valkyrie Funds, is positioned to launch this product. The firm took the <a href="https://coincu.com/287429-spot-litecoin-etf-now-proposed/" target="_blank" rel="noopener noreferrer nofollow">first step</a> toward the <a href="https://coincu.com/268838-litecoin-etf-potential-for-a-new-boom/" target="_blank" rel="noopener noreferrer nofollow">Litecoin ETF</a> in October, and Nasdaq's filing with the SEC last week now sets the stage for the regulator's decision.</p>
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure> <a href="https://coincu.com/?p=302795" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Canary Litecoin ETF Seeks Approval With New Applications

Table of Contents

Coincu

Other articles published on Jan 17, 2025

Join our free newsletter for daily crypto updates!