Canary Capital, a US-based asset management firm has applied to list a Litecoin spot Exchange Traded Fund (ETF). According to the Form S-1 lodged with the US Securities and Exchange Commission (SEC), the firm named the product the Canary Litecoin ETF.
Litecoin ETF: Can It Make the Difference
For one reason most do not know, Litecoin is rarely regarded as a security by the US SEC. Notably, the digital currency is one of the oldest assets in the industry with complete utility status. This push for an LTC ETF product is the first of its kind filed in the United States.
The push for a Litecoin ETF succeeds the XRP ETF application filed by Canary Capital earlier this month. With this product, the number of assets linked directly to regulated funds is now growing.
This is a breaking news, please check back for updates!!!
The post Breaking: Canary Capital Files For Litecoin ETF In The US appeared first on CoinGape.
