Promising News As Litecoin ETF Gets Listed On The Depository Trust and Clearing Corporation (DTCC)

Canary Capital’s proposed Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) website under the ticker symbol LTCC. 

This move is widely interpreted as a preparatory step toward the ETF’s potential launch, pending approval from the U.S. Securities and Exchange Commission (SEC).

DTCC Listing: A Step Closer to Launch

The DTCC serves as a central clearinghouse for the majority of securities transactions in the United States, and its listing of the Litecoin ETF indicates that Canary Capital is making necessary arrangements for the product’s debut. 

An expert analyst noted that while this listing does not equate to SEC approval, it demonstrates the issuer’s readiness for a potential launch. He estimates a 90% chance of the ETF’s approval.  

SEC Review Process and Timeline

Canary Capital initially filed the S-1 registration for the Litecoin ETF in October 2024, aiming to provide both retail and institutional investors with direct exposure to Litecoin. 

Subsequently, on January 16, 2025, Nasdaq submitted a Form 19b-4 on behalf of Canary Capital, initiating the SEC’s formal review process. 

The SEC’s acknowledgment of this filing has opened a public comment period, bringing the ETF closer to potential approval.  

Market Response and Implications

The prospect of an approved Lirecoin ETF has generated considerable interest within the investment community. 

Analysts suggest that Litecoin could become the third cryptocurrency, following Bitcoin and Ethereum, to have a spot ETF in the U.S. market. 

This development is seen as a significant milestone, potentially enhancing Litecoin’s legitimacy and accessibility to a broader range of investors.  

Litecoin’s market performance has shown notable activity in response to these advancements.

As of February 22, 2025, Litecoin is trading at $128.06, reflecting a positive market sentiment surrounding the potential ETF approval.

What’s Next For Litecoin ETF

The DTCC listing of Canary Capital’s proposed Litecoin ETF marks a pivotal step toward its potential launch, pending SEC approval. 

This development underscores the growing interest in diversified cryptocurrency investment products and highlights the digital asset market’s ongoing maturation. 

Investors and market participants are closely monitoring the SEC’s forthcoming decisions, which could have far-reaching implications for the accessibility and acceptance of cryptocurrencies in traditional financial markets.

Also read: The NYSE Applies With The SEC To Convert The LTC Grayscale Trust Into A Spot Litecoin ETF.