TechFlow news, April 11 — According to Cryptonews, Canary Capital's spot Litecoin exchange-traded fund (ETF) has been added to the Depository Trust & Clearing Corporation (DTCC) ETF list under the ticker symbol LTCC.
The report noted that the company filed its Litecoin ETF application in October 2024, along with an application for an XRP ETF. The fund is currently still awaiting regulatory approval from the U.S. Securities and Exchange Commission (SEC).
Eric Balchunas, senior ETF analyst at Bloomberg, stated that Canary's spot Litecoin ETF has a 90% chance of being approved. If approved, Litecoin would become the third cryptocurrency—after Bitcoin and Ethereum—to serve as the underlying asset for a spot ETF.
Previous report, Bloomberg ETF analyst said DTCC does not arbitrarily list large numbers of stocks or ETF products; nearly all entries on its eligibility list are either actively trading or pending approval.
