Litecoin ETF Listed: Is SEC Approval Next?

Through February 20, 2025, Canary Capital's application to sell an investment fund holding Litecoin outright (a "spot" Litecoin ETF) has gone a long way. The fund, trading under the symbol LTCC, is registered with the Depository Trust and Clearing Corporation (DTCC). The DTCC is a behind-the-scenes company that manages the minutiae when stocks and ETFs are sold and purchased.

This addition indicates Canary Capital is gearing up to sell the ETF. Nevertheless, it still has to seek approval from the Securities and Exchange Commission (SEC). The SEC functions as an investment guardian on behalf of the government.

Canary Capital hopes to be the first to offer an ETF that will hold Litecoin outright, rather than just Bitcoin or Ethereum. Specialists are confident there's a great chance that the SEC will give it a nod. Such welcome news has already pushed Litecoin's price slightly up.