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International Business Times
International Business Times
Business
Marvie Basilan

Canary Capital Files S-1 For Litecoin ETF, Pumping $LTC Above $70

Canary Litecoin Canary Capital ETF Bitcoin Crypto Cryptocurrency SEC
Canary Capital said it believes in the Litecoin network's reliability and strong foundation. (Credit: Litecoin Foundation on X/Video Screenshot)

KEY POINTS

  • Canary noted that Litecoin has a proven growth and reliability track record
  • The asset manager previously filed an S-1 application for an $XRP ETF
  • Some crypto users predicted that an $LTC ETF will not do well

Australian asset manager Canary Capital has filed an application on S-1 document with the U.S. Securities and Exchange Commission (SEC) for a Litecoin (LTC) exchange-traded fund (ETF), pumping LTC prices and drawing mixed reactions from the cryptocurrency community.

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