Canary Capital’s Litecoin ETF Gains Momentum with DTCC Listing – BitRss

Canary Capital’s application for a spot Litecoin exchange-traded fund (ETF) has been officially listed by the Depository Trust and Clearing Corporation (DTCC) in the United States. According to Nasdaq data, DTCC is a leading financial institution that provides post-trade clearing, settlement, and information services. The ETF, which is listed under the symbol “LTCC,” is seen as a positive sign in preparation for its launch. However, this listing does not guarantee that the ETF will receive approval from the U.S. Securities and Exchange Commission (SEC), as it has not yet been authorized.

The Approval Process for Spot Litecoin ETF Continues

DTCC indicates that a significant portion of listed ETFs are inactive and still in the preparatory phase before launch. These funds become operational only after receiving all necessary regulatory approvals. For instance, a spot Ethereum $2,767 ETF previously applied for by VanEck opened for trading on the Cboe exchange two months after being listed by DTCC.