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How will the market react to the SEC decision on Canary Capital's spot Litecoin ETF within one week?
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Resolution / Starting Odds
LTC price increases by more than 10% • 25%
LTC price decreases by more than 10% • 25%
LTC price changes by less than 10% • 25%
LTC price remains stable • 25%
Cryptocurrency market data platforms like CoinMarketCap
Story
Canary Capital, Founded by McClurg, Files S-1 for Spot Litecoin ETF with SEC
Oct 15, 2024, 04:40 PM
Canary Capital, a newly formed digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot Litecoin exchange-traded fund (ETF). The proposed ETF aims to provide investors with direct exposure to Litecoin (LTC), one of the oldest and most reliable cryptocurrencies with 100% uptime since its inception. "Canary believes that Litecoin presents a unique and compelling opportunity for investors seeking exposure to a time-tested and reliable cryptocurrency," the company stated. The filing was reported by Bloomberg Senior ETF Analyst Eric Balchunas and comes shortly after Canary Capital filed for a Ripple (XRP) ETF earlier this month.
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Significant increase (>10%) • 33%
Moderate increase (0-10%) • 33%
No change or decrease • 34%
XRP Price Increases • 25%
XRP Price Decreases • 25%
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XRP Price Volatile • 25%
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Ethereum price changes by less than 10% • 33%
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XRP price up >10% • 25%
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Denied • 33%
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Significant Decrease • 34%