• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Investing

Litecoin ETF goes live on DTCC: is a breakout in sight for LTC?

by February 21, 2025
written by February 21, 2025

The Depository Trust and Clearing Corporation (DTCC) has listed Canary Capital’s spot Litecoin ETF (LTCC), a move that signals strong prospects for the eventual approval of the first Litecoin exchange-traded fund (ETF).

Litecoin (LTC) price rose early Friday, Feb. 21 as traders reacted to the news.

Notably, Litecoin’s price climbed from a low of $125 to an intraday high of $139.

Could LTC be gearing up for a breakout amid the spot ETF buzz? The cryptocurrency’s all-time high stands at $412, reached on May 10, 2021.

Canary’s Litecoin ETF added to the DTCC system 

Part of the excitement around Litecoin in recent days has been down to projections that the altcoin has a very high chance of seeing multiple ETF applications get a nod from the US Securities and Exchange Commission. 

DTCC, a major player in the financial markets and key to the early steps towards institutional preparedness for possible funds’ launch, has added to this excitement. The entity listed the Canary Capital spot Litecoin ETF, under the ticker LTCC, in its system.

“Canary Funds’ Litecoin ETF has been listed on the Depository Trust and Clearing Corporation system under the ticker LTCC! The DTCC is key part of global financial markets and processes trillions of dollars in securities transactions each day,” Litecoin Foundation, the non-profit organization helping with LTC adoption posted on X.

DTCC’s traction in global financial trading includes serving as the main clearing and custody provider for US securities trading.

Litecoin Magazine ŁⓂ️🕸

@LitecoinMag

·Follow

BREAKING: Canary’s Litecoin Spot ETF has been added to DTCC (Depository Trust & Clearing Corporation) website which typically means the ETF has been recognized and registered. Clearing way for it to be traded on U.S exchanges
#Litecoin #LTC $LTC

2:44 am · 21 Feb 2025

250

Reply

Read 18 replies

While the listing does not equate to approval, it suggests institutions might be gearing up for that possibility.

The CFTC has classified Litecoin as a commodity, similar to Bitcoin, and experts see an ETF nod as highly probable.

Bloomberg senior ETFs analyst Eric Balchunas shared this sentiment on X. 

He noted that DTCC listing doesn’t mean LTCC is “ready to start trading.”

However, it points to the fact that the issuer is getting ready for this eventuality. Balchunas says the odds of approval remain at 90%.

The main play, though, is with the SEC, which has so far acknowledged spot LTC ETF applications from multiple issuers.

What next for Litecoin ETF?

Following the S-1 filing, which gives a registration statement, the issuers file 19b-4.

These related to proposed rule changes, asking for approval to have the ETFs listed and traded on securities exchanges. NYSE Arca, Cboe, and Nasdaq are such exchanges.

Canary Capital submitted its S-1 for a spot in Litecoin ETF in October 2024. Grayscale and CoinShares have also filed applications, with the SEC acknowledging forms 19b-4 for the issuers to set a timeline of approval or rejection into motion.

Should the SEC approve a Litecoin spot ETF, it would join Bitcoin and Ethereum, whose spot ETFs rolled out in 2024.

The post Litecoin ETF goes live on DTCC: is a breakout in sight for LTC? appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Balmy opens earn guardian to the public: a Pre-Attack Intelligence protocol for DeFi security & yield generation
next post
AI Adoption and IoT Proliferation Fuel 82% Spike in DDoS Attacks in 2024

You may also like

MEXC strengthens reserve backing with $390M asset increase

April 23, 2025

Oil prices rebound: what’s driving the rally and...

April 23, 2025

Silver rises with gold, but industrial demand outlook...

April 23, 2025

Lead Edge Capital founder Mitchell Green says recession...

April 23, 2025

Why is Toncoin price rising today?

April 23, 2025

BC.GAME to host ‘Untamed Arena’ during TOKEN2049 Dubai,...

April 23, 2025

Keycard launches pre-sale for Shell: the most open,...

April 23, 2025

BA stock rises as Boeing reports smaller Q1...

April 23, 2025

US stocks surge at open: Dow climbs 2.4%,...

April 23, 2025

iExec launches 1M $RLC fund to support AI...

April 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • Semtech Showcases Next-Gen LoRa® Technology at IoT Solutions World Congress 2025

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Categories

    • Economy (679)
    • Editor's Pick (348)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick