#LTCETF

The investment fund management company, Canary Capital, is making progress on its path to bring its Litecoin ETF $LTC to the U.S. market, as the exchange where it will be traded, Nasdaq, filed one of the necessary forms with the Securities and Exchange Commission (SEC) for this product to start operations soon.

Canary's Litecoin ETF $LTC is progressing through the due process According to several reports published today, Nasdaq filed the 19b-4 form with the SEC on behalf of Canary Capital, specifically for the Canary Litecoin ETF, which will need to be evaluated and reviewed by the agency, being one of the necessary steps for this product to officially enter the market.

The respective application provides more details about the product. It details that the primary manager will be US Bancorp (NYSE:USB) Fund Services, LLC, while US Bank NA will serve as the custodian for the cash capital. As is the case with other funds, Coinbase (NASDAQ:COIN) Custody was chosen to safeguard the cryptocurrencies associated with the ETF.

The submission of the 19b-4 application by Nasdaq comes a day after Canary Capital submitted a modified version of the S-1 form to the SEC, another of the necessary steps to certify this product with the regulator.

The odds seem to be in favor In light of the progress made by Canary Capital's Litecoin ETF $LTC , market analysts assert that this product stands as the one with the highest chances of becoming the next approved spot crypto ETF for the U.S. exchange.

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