Crypto fund manager Canary Capital has taken a significant step toward launching its spot Litecoin exchange-traded fund (ETF), as the fund—listed under the ticker LTCC—was officially added to the Depository Trust and Clearing Corporation (DTCC) ETF list late Thursday.
The company initially filed for the Litecoin ETF in October 2024, alongside its proposed spot XRP ETF. While the fund is still awaiting regulatory approval from the U.S. Securities and Exchange Commission (SEC), its appearance on the DTCC list suggests that operational groundwork is being laid in anticipation of a possible green light.
According to DTCC’s official website, the list includes “both active ETFs that may be processed at DTCC and ETFs that are not yet active (pre-launch), and therefore are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals.”
This move, while not an indication of immediate approval or market readiness, is widely viewed as a preparatory measure. As Nasdaq notes, DTCC provides critical post-trade infrastructure, including clearance, settlement, custody, and data services.
Commenting on the listing, Bloomberg’s senior ETF analyst Eric Balchunas wrote: “This doesn’t mean it’s approved or ready to start trading, but it does show the issuer is making preparations for when it is.”
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