Investing in cryptocurrencies is changing quickly, and Canary Capital’s Litecoin Spot ETF is the most recent big step forward. The Depository Trust & Clearing Corporation (DTCC) listed the ETF under the LTCC ticker on February 20, 2025. This means that the trading system is now ready. Even though this doesn’t mean the government will approve it, it shows that people are becoming more confident in altcoin ETFs besides Bitcoin (BTC) and Ethereum (ETH).
DTCC Listing Importance
The DTCC is one of the most important markets for clearing and settling U.S. securities. It lists active ETFs and pre-launch funds waiting for regulatory permission. The LTCC entry shows that the market is getting ready for Litecoin’s first spot ETF, which is a necessary step before trading can start.
SEC Review and Approval Timeline
Canary Capital was the first company to file for its Litecoin ETF in October 2024, before big companies like Greyscale and CoinShares. After Nasdaq filed Form 19b-4 for the fund, the SEC is now looking over the application. The agency let people speak on the plan in January, and they have until May 2025 to make a final choice.
Market Reaction and Litecoin Rise
As a result of the DTCC offering news, Litecoin (LTC) prices rose 4% in just 24 hours, showing that investors were more optimistic. According to Santiment, a market intelligence company, Litecoin’s market value increased by 46% from February 2 to February 19, and the number of transactions each day hit $9.6 billion.
Altcoin ETF Future
If it became law, the Litecoin Spot ETF would be the first U.S spot ETF for a cryptocurrency other than Bitcoin and Ethereum. This could make it possible for altcoin ETFs like XRP and Solana (SOL) to join the market in 2025. Balchunas thinks that the way regulators feel about crypto ETFs is changing, which makes it more likely that more than one altcoin ETF will hit the market soon.
Conclusion
It is a big step forward for cryptocurrency investment products that DTCC listed Canary Capital’s Litecoin Spot ETF. With a lot of investor interest and a good chance that the SEC will approve it, this ETF could change the game for Litecoin and give people in the U.S. more crypto investment options.
