Canary Capital’s U.S. spot Litecoin exchange-traded fund has been included in the Depository Trust and Clearing Corporation’s (DTCC) list of ETFs on its official website. The DTCC, a provider of post-trade clearance, settlement, custody, and information services, is a significant player in the financial industry.
The listing of the Canary Litecoin ETF on the DTCC, identified as LTCC, is seen as a positive signal for the ETF’s potential launch. This development marks a significant milestone as it would make Litecoin the first cryptocurrency, apart from Bitcoin and Ether, to serve as a base asset for a spot ETF.
However, it is important to note that the DTCC listing is part of the preparation process and does not guarantee the actual launch of the ETF. The fund is still awaiting regulatory approval from the U.S. Securities and Exchange Commission (SEC).
The SEC has solicited public comments on Canary’s proposed spot Litecoin ETF, indicating progress in the regulatory review process. The SEC has a specific timeframe to review the proposal and make a decision on whether to approve or disapprove the rule change. The publication of the proposed rule change in the Federal Register on Feb. 4 initiated this review period.
While awaiting regulatory approval, multiple issuers have also filed applications for spot ETFs based on other cryptocurrencies like XRP, Solana, and Dogecoin. The SEC has acknowledged many of these applications, reflecting the growing interest in expanding the range of crypto-based investment products.
The recent months have witnessed a surge in spot crypto ETF filings, attributed to the positive change in crypto regulation under the current administration. The SEC’s commitment to providing clarity in crypto regulations, along with the establishment of a dedicated crypto task force, indicates efforts to differentiate cryptocurrencies that are not considered financial securities.
As for Litecoin’s price, it has experienced a slight increase of 0.3% in the past 24 hours, reaching $133.09 as of 10:00 a.m. Friday in Hong Kong, according to The Block’s LTC price page.
Disclaimer: The Block is an independent media outlet that provides news, research, and data related to the crypto industry. Foresight Ventures, a majority investor of The Block since November 2023, invests in other companies in the crypto space. The Block operates independently to deliver objective and timely information. For more information, refer to our financial disclosures.
© 2025 The Block. All Rights Reserved. This article is for informational purposes only and should not be considered as legal, tax, investment, financial, or any other form of advice.
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