DTCC Listing Sparks Speculation on Litecoin ETF Approval
Canary Capital’s Spot Litecoin ETF has been added to the Depository Trust and Clearing Corporation (DTCC) website, fueling speculation that it may soon receive SEC approval. The ETF, assigned the ticker symbol LTCC, is currently under regulatory review.
Significance of the DTCC Listing
A DTCC listing is not an approval, but it indicates that a fund is preparing for potential launch. Historically, ETFs listed on DTCC often go live within two months of approval.
Litecoin could become the first cryptocurrency beyond Bitcoin and Ethereum to have a spot ETF in the U.S. Nasdaq filed a 19b-4 form for the fund, which the SEC is currently reviewing.
Regulatory Trends and Market Response
The SEC has 45 days to decide on the approval, which may be extended to 90 days. If greenlit, the ETF would add Litecoin to the growing list of crypto-based financial products.
Several other firms have applied for Spot ETFs for XRP, Solana, and Dogecoin, with analysts expecting approvals under the Trump administration’s pro-crypto stance.
The crypto ETF market is expanding rapidly, and Litecoin’s inclusion could be a major milestone for alternative digital assets.
