In October 2024, investment firm Canary Capital filed with the U.S. Securities and Exchange Commission (SEC) to launch the first Litecoin (LTC) spot exchange-traded fund (ETF). In January 2025, Nasdaq filed a Form 19b-4 to list the ETF, officially kicking off the SEC review process.

Analysts estimate that the approval of the Litecoin ETF could attract up to $580 million in investment if its adoption is similar to the Bitcoin ETF. Additionally, Canary Funds’ 19b-4 approval significantly accelerates the launch of the first Litecoin spot ETF, which has led to a 20% increase in LTC prices, surpassing the $100 level.

Earlier in October 2024, Canary Capital filed a Form S-1 with the SEC to create the first Litecoin ETF, marking a major step toward providing investors with direct access to LTC through a regulated investment vehicle.

The SEC is currently reviewing the application and a decision is expected within 240 days of the 19b-4 filing.

Earlier in October 2024, Canary Capital filed a Form S-1 with the SEC to create the first Litecoin ETF, marking a major step toward providing investors with direct access to LTC through a regulated investment vehicle.