Asset manager Canary Capital has filed a registration statement with the SEC for a Litecoin ETF, following its recent filing for an XRP-based ETF.
The proposed ETF aims to make it easier for traditional investors to access Litecoin without dealing with the complexities of purchasing and securing the cryptocurrency directly.
Canary Capital believes that Litecoin, with its proven security and reliability, offers a unique opportunity for investors seeking exposure to the OG altcoin.
The filing comes as part of a broader trend of asset managers seeking to offer crypto-based ETFs, with the SEC recently approving Bitcoin and Ether ETFs.