Canary Capital Files S-1 for $LTC and Ripple ETF with SEC

Oct 15, 2024, 04:31 PM

Canary Capital has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a Litecoin exchange-traded fund (ETF). This filing marks Canary's second application for a cryptocurrency ETF, following a previous submission for a Ripple (XRP) ETF. Canary, a new investment firm founded by Steven McClurg, previously associated with Valkyrie Funds, aims to provide investors with exposure to Litecoin, which it describes as a 'time-tested and reliable cryptocurrency' with a track record of 100% uptime since its inception. The move comes amid growing interest in cryptocurrency ETFs as a means for investors to gain exposure to digital assets through regulated financial products.