Canary Capital Pursues Approval for First Litecoin ETF

The crypto-focused firm files with the SEC, signaling growing interest in digital asset investment vehicles.

Canary Capital has filed an S-1 registration with the SEC for a Litecoin exchange-traded fund (ETF), marking its second crypto ETF filing in recent weeks.
The firm, founded by ex-Valkyrie co-founder Steven McClurg, aims to offer exposure to Litecoin, a cryptocurrency with a strong track record of security and reliability.
This move follows the firm's recent filing for an XRP-based ETF, despite ongoing regulatory challenges faced by XRP.
Litecoin's price saw a 5% increase following the announcement of the ETF filing, reflecting investor interest.
Approval of the ETF by the SEC remains uncertain, as it requires further filings and regulatory considerations.