Canary Capital has filed for a Litecoin ETF with the SEC, following its earlier submission for an XRP ETF. The ETF aims to simplify the process of acquiring and securing LTC by allowing investors to buy shares that represent the value of LTC. The trust behind the ETF will hold LTC as its sole asset and will rely on cold storage for security. Authorized Participants will be responsible for creating and redeeming shares, which could impact the LTC market. The majority of investors will trade shares on the secondary market without holding the asset directly. The filing comes amid increasing institutional interest in crypto ETFs and the growth of Bitcoin ETFs and stablecoins.



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