Unlock Litecoin’s Future: DTCC Lists LTCC ETF—Revolutionizing Crypto Investing!

Canary Capital’s Litecoin ETF Moves Closer to Reality

Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC. This is a notable step toward its potential launch.

the listing appeared on DTCC on Febuary 20. While it doesn’t guarantee regulatory approval, it shows that the necessary trading infrastructure is being set up. DTCC is a major clearing and settlement provider for U.S. securities, listing both active ETFs and pre-launch funds.

Canary Capital first filed for its litecoin (LTC) ETF in October 2024. If approved, it would be the first U.S. spot ETF for a cryptocurrency other than bitcoin (BTC) and Ethereum (ETH). This could open the door for more altcoin-based ETFs.

The U.S. Securities and Exchange Commission (SEC) is reviewing the application. They have up to 90 days from February 4 to make a decision.Bloomberg ETF analyst Eric Balchunas believes there’s a 90% chance of approval.

Following the news, Litecoin’s price rose by 4% in 24 hours. Santiment reports that Litecoin’s market cap increased by 46% between February 2 and February 19, with a daily transaction volume of $9.6 billion.