The spot litecoin exchange-traded fund (ETF) run by Canary Capital has been added to the Depository Trust and Clearing Corporation (DTCC) website. While the listing marks progress, it does not secure approval from the U.S. Securities and Exchange Commission (SEC).
Spot LTC ETF Gains Traction With DTCC Website Listing as SEC Review Continues
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Canary Capital’s Spot LTC ETF Listed on DTCC
Inclusion on the DTCC’s public list streamlines the fund’s potential trading processes but remains separate from regulatory clearance. Observers note the SEC’s cautious history with crypto-related ETFs, leaving the final decision uncertain despite this procedural step.
However, with the Trump administration at the helm and significant SEC changes underway, many believe the securities regulator will approve the spot LTC fund. Polymarket bettors assign an 85% probability of approval following the DTCC listing.
Some maintain that a litecoin (LTC) fund will gain approval because litecoin is primarily viewed as a commodity like bitcoin ( BTC). Among bets on XRP and SOL on Polymarket, LTC has the highest likelihood of launching an ETF this year.
If Canary receives approval, the chances that Coinshares’ and Grayscale’s LTC ETFs will also get the green light appear very favorable. Because of this probability, LTC has benefited from favorable market conditions, climbing 28.7% against the U.S. dollar over the past two weeks.
Following the DTCC listing, litecoin recorded a 6% increase on Fri. and is trading at $135.71 per coin.
