#莱特币ETF
Canary Capital Group, an investment firm founded by Steven McClurg, filed the application with the SEC in October 2024, as reported by CriptoNoticias.
Its proposal seeks to offer traditional investors a way to access litecoin without having to acquire and store the asset directly.
The company has highlighted that its ETF will not use financial derivatives, which would avoid additional counterparty and credit risks.
The DTCC is an entity in charge of the clearing and settlement of financial securities in the country. Although this registration does not represent regulatory approval, it is a prerequisite for the fund to be able to launch on the market in case it receives the green light from the United States Securities and Exchange Commission (SEC).
Inclusion in the DTCC is a standard procedure for funds seeking to operate in the US market. In the past, bitcoin (BTC) and ether (ETH) ETFs also went through this process before their official approval
Approval expectations
Bloomberg Intelligence ETF specialist Eric Balchunas noted that LTCC's inclusion in the DTCC does not mean that the fund is approved or ready for immediate commercialization.
However, he indicated that this move shows that Canary Capital Group is preparing the ground for its launch. According to his estimates, the probability of the fund being approved is 90%.
