#LitecoinETF ETF of litecoin is listed for trading

The exchange-traded fund (ETF) based on litecoin (LTC) proposed by Canary Capital Group has been added to the list of the Depository Trust & Clearing Corporation (DTCC), a key step on its path toward possible approval and marketing in the United States.

Although this registration does not represent regulatory approval, it is a prerequisite for the fund to be launched to the market in case it receives the green light from the U.S. Securities and Exchange Commission (SEC).

Inclusion in the DTCC is a standard procedure for funds seeking to operate in the U.S. market. In the past, bitcoin (BTC) and ether (ETH) ETFs also went through this process before their official approval.

Since the approval of bitcoin and ether ETFs in 2024, the market has seen significant growth, which has driven the development of similar products for other cryptocurrencies such as Official Trump (TRUMP), Bonk (BONK), and Dogecoin (DOGE).

Following the news of the listing on the DTCC, litecoin experienced an increase of 4% in its price in the last 24 hours, reaching 135 dollars.