Canary Capital Files for Spot Litecoin ETF with SEC on October 15, 2024

Oct 15, 2024, 04:32 PM

Canary Capital, a new digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, has filed an S-1 with the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin (LTC) exchange-traded fund (ETF). This marks Canary's second ETF filing, following a previous application for a Ripple (XRP) ETF. The firm believes that Litecoin presents a unique and compelling opportunity for investors due to its long-standing reliability and 100% uptime since its inception. The filing aims to provide investors with exposure to one of the longest-running blockchains in the cryptocurrency market. Bloomberg Senior ETF Analyst Eric Balchunas reported the filing on October 15, 2024.