By Nermeen Nabil Khear 
The post Big News: Canary Capital’s Litecoin Spot ETF Listed on DTCC Website appeared first on Coinpedia Fintech News
The Canary Litecoin ETF (ticker: LTCC) has recently been listed on the DTCC website, marking a crucial step in its journey toward launch. The “Create/Redeem” section is marked as “Y,” part of the standard process when preparing a new ETF. However, SEC approval remains pending.
For the unversed, the DTCC listing is important as it sets up the necessary infrastructure for the ETF’s trading, with the Depository Trust & Clearing Corporation (DTCC) acting as the primary clearing and custody service provider for US securities transactions. However, this does not guarantee that the ETF will be launched.
“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active (‘pre launch’) and, therefore, are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals,” DTCC said.
Canary Capital filed for the spot Litecoin ETF in October 2024, followed by similar filings from major players like Grayscale and CoinShares. Bloomberg ETF analysts, Eric Balchunas and James Seyffart, are hopeful about the approval chances, explaining that Litecoin’s status as a commodity recognized by the Commodity Futures Trading Commission (CFTC) strengthens the ETF’s position. “We still maintain a 90% probability for Litecoin spot ETF approval,” they said.
Platforms like Polymarket are placing an 85% chance of ETF approval, with some polls suggesting a 52% probability of approval by July 3rd, 2025.
The post Big News: Canary Capital’s Litecoin Spot ETF Listed on DTCC Website appeared first on Coinpedia Fintech News
The Canary Litecoin ETF (ticker: LTCC) has recently been listed on the DTCC website, marking a crucial step in its journey toward launch. The “Create/Redeem” section is marked as “Y,” part of the standard process when preparing a new ETF. However, SEC approval remains pending. For the unversed, the DTCC listing is important as it …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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