Canary Capital's Litecoin spot ETF listed on DTCC under ticker LTCC

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The cryptocurrency ecosystem continues to evolve with new investment opportunities. On this occasion, the Litecoin spot ETF proposed by Canary Capital has been included in the list of the Depositary Trust and Clearing Corporation (DTCC), a significant advance in its regulatory approval process. This fact has been interpreted by analysts as a positive sign, as the DTCC plays a key role in clearing and settlement of securities in the US. The Litec…

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Canary Capital's Litecoin ETF Listed on DTCC as Litecoin Trades at $133.09

Canary Capital's proposed spot Litecoin ETF (ticker: LTCC) has been added to the Depository Trust and Clearing Corporation (DTCC) website, marking a key step in the pre-launch process. The DTCC listing is part of the standard preparation for launching a new ETF, but it does not guarantee regulatory approval. The ETF is still under review by the U.S. Securities and Exchange Commission (SEC), which has a 45-day review period, extendable to 90 days…

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Canary Capital's Litecoin ETF Listed on DTCC Ahead of SEC Decision

TLDR Canary Capital’s Litecoin spot ETF has been listed on DTCC under ticker LTCC, though SEC approval is still pending The Litecoin ETF application is expected to be the first to receive an SEC decision among similar filings Bloomberg analysts view Litecoin-based funds favorably as Litecoin is already classified as a commodity by CFTC Litecoin’s price has increased over 100% since the first ETF filing, currently trading around $130 The SEC has…

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Canary Capital’s Litecoin ETF Edges Closer to Approval with DTCC Listing

Canary Capital’s Litecoin ETF lands on DTCC under the ticker LTCC. Litecoin (LTC) hovers around $135. Canary Capital’s proposed Litecoin Exchange-Traded Fund (ETF) has been listed on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. The listing does not guarantee regulatory approval but indicates that the necessary infrastructure for trading is being implemented. DTCC probably handles trillions of dollars worth o…

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The DTCC serves as a key settlement and settlement provider for U.S. securities, listing both ETF assets and pre-launch funds awaiting approval. Ultimately, the ETF still requires the approval of the U.S. Stock Exchange and Securities Commission before [...] The Canary Capital Litecoin Spot ETF LTCC entry listed in DTCC was first published in The Cryptocurrency.

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Canary Capital's Litecoin spot ETF listed on DTCC under ticker LTCC

The DTCC listing of Canary Capital's Litecoin ETF could pave the way for increased institutional investment in cryptocurrency markets. The post Canary Capital’s Litecoin spot ETF listed on DTCC under ticker LTCC appeared first on Crypto Briefing.