In a groundbreaking development for the cryptocurrency market, Canary Capital’s Litecoin ETF has officially been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol LTCC as of February 21, 2025. This milestone marks a significant leap forward for Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” as it edges closer to mainstream financial acceptance. The listing on DTCC, a critical infrastructure provider handling trillions in daily securities transactions, hints at an imminent launch—though regulatory approval from the U.S. Securities and Exchange Commission (SEC) is still pending.
The news broke early today, sparking excitement across the crypto community. Sources confirm that the Litecoin ETF has been assigned the “D” status in the DTCC’s creation/redemption section, a standard pre-launch step for exchange-traded funds. While this doesn’t guarantee SEC approval, it’s a strong indicator that Canary Capital is gearing up to bring Litecoin exposure to traditional investors. If approved, this could be the first spot Litecoin ETF in the U.S., following the success of Bitcoin and Ethereum ETFs.
Canary Capital first filed for the Litecoin ETF in October 2024, with subsequent updates showing progress, including Nasdaq’s 19b-4 filing and an amended S-1 form. Industry analysts, including Bloomberg’s Eric Balchunas, have pegged Litecoin’s ETF approval odds at 90%, citing its commodity-like status and lack of regulatory hurdles compared to other altcoins. This DTCC listing now fuels speculation that Litecoin could soon join the ranks of institutionally-backed cryptocurrencies.
What makes this development stand out? The Litecoin ETF promises to simplify LTC investment by eliminating the need for wallets or direct crypto ownership—potentially driving massive adoption. Litecoin’s price has already shown bullish momentum, with traders eyeing a breakout as open interest surges. The timing aligns with a pro-crypto sentiment in the U.S., bolstered by recent political shifts favoring digital assets.
However, questions remain. The SEC has yet to greenlight the Litecoin ETF, and while the DTCC listing is promising, it’s not a final stamp of approval. Crypto enthusiasts and investors alike are watching closely, as this could pave the way for other altcoin ETFs. For now, the listing of Canary Capital’s Litecoin ETF on DTCC is a bold signal that Litecoin’s moment in the spotlight may be near.
Stay tuned for updates as this story unfolds—2025 could be the year Litecoin cements its place in the financial mainstream. https://x.com/Lutcheann