Canary Capital Files Application for a Litecoin ETF

On Tuesday, Canary Capital announced that it had submitted an S-1 registration with the SEC in order to launch an ETF focused on Litecoin.

This decision comes shortly after the company applied for an XRP-based ETF, following other firms such as Bitwise who had also applied for an XRP ETF in early October.

These developments indicate ongoing interest in crypto ETFs, following the SEC’s previous approvals of Bitcoin and Ethereum ETFs.

Canary Capital expressed its belief that Litecoin offers a distinct and attractive investment opportunity for those interested in the cryptocurrency market.