{"id":17801,"date":"2024-10-16T10:04:59","date_gmt":"2024-10-16T07:04:59","guid":{"rendered":"https:\/\/forklog.com\/en\/canary-capital-seeks-sec-approval-for-spot-litecoin-etf\/"},"modified":"2024-10-16T10:04:59","modified_gmt":"2024-10-16T07:04:59","slug":"canary-capital-seeks-sec-approval-for-spot-litecoin-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canary-capital-seeks-sec-approval-for-spot-litecoin-etf\/","title":{"rendered":"Canary Capital Seeks SEC Approval for Spot Litecoin ETF"},"content":{"rendered":"<p>The crypto investment firm Canary Capital<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2039461\/000199937124013330\/litecoin-s1_101524.htm\"> has filed an S-1 application<\/a> with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> to register a spot Litecoin ETF.<\/p>\n<p>The custodian and administrator of the product have not been specified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cLitecoin plays a leading role in the broader cryptocurrency ecosystem [\u2026] and is attractive to a wider range of institutional investors,\u201d<\/em> the document states.<\/p>\n<\/blockquote>\n<p>Bloomberg analyst James Seyffart, in a comment for<a href=\"https:\/\/www.theblock.co\/post\/321170\/canary-capital-seeks-approval-from-sec-for-a-spot-litecoin-etf\"> The Block<\/a>, noted the similarities between LTC and Bitcoin in terms of oversight.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cFor approval under the current U.S. administration, there must be a large and liquid futures market that is federally regulated. Litecoin currently does not meet this requirement. It is largely a bet on a potential victory by [Republican candidate Donald] Trump and a change in SEC leadership,\u201d<\/em> he clarified.<\/p>\n<\/blockquote>\n<p>Previously, the firm <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2039505\/000199937124013130\/canaryxrp-s1_100824.htm\">filed<\/a> a similar application for an exchange-traded fund based on XRP.<\/p>\n<p>In October, a similar initiative was proposed by digital asset manager Bitwise, and a month earlier by Grayscale Investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto investment firm Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin ETF. The custodian and administrator of the product have not been specified. \u201cLitecoin plays a leading role in the broader cryptocurrency ecosystem [\u2026] and is attractive to a wider range of institutional investors,\u201d the document states. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,209,36,128],"class_list":["post-17801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-litecoin","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17801"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17800"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}