Canary Capital Group Files for Litecoin ETF, Second in Ten Days

Canary Capital Group, a new digital asset-focused investment firm, has filed paperwork to launch a Litecoin (LTC) exchange-traded fund (ETF), marking the second time it has done so in merely ten days. Following its XRP fund filing, the firm has now submitted its second ETF in just one week.

Canary Capital Group, founded by Steven McClurg, is a prominent figure in the realm of digital asset investments. The firm submitted an S-1 document to the Securities and Exchange Commission (SEC) on Tuesday, announcing its intention to launch an ETF linked to Litecoin, the sixth-largest cryptocurrency by market capitalization. This is the first time the company has filed for primarily non-exchangeable fund specifically tied to this altcoing symbol, which has been widely touted as ‘an easier-to-use‘ alternative to Bitcoin (BTC).

Over the past few months, the “digital silver” has experienced a surge in popularity, with its price rising more than 50% in the last quarter. The filing’s announcement has already had an impact on Litecoin’s price, which was 5% higher to trade at $66.46 at press time. As institutional investors become more interested in Litecoin, the upward trend is expected to persist.

Canary Capital Group’s filing coincides with a renewed interest in the cryptocurrency market from mainstream investors. The cryptocurrency market has experienced unprecedented growth, with Bitcoin exceeding $60,000 and Ethereum (ETH) surpassing $4,000.

Although the management fee and ticker symbol for the potential fund have not been disclosed, the filing represents a significant stride towards Litecoin recognition among investors. By creating a regulated and liquid way for institutional investors to access the cryptocurrency, Litecoin ETF could open up new investment opportunities. The creation of regulated and accessible investment options by firms like Canary Capital Group is helping to bridge the gap between traditional finance and digital asset space.

If that comes to pass, the cryptocurrency space may experience a significant shift, leading to greater acceptance and mainstream recognition. Meanwhile, investors and traders will be closely monitoring developments in the crypto market, as the growing interest from institutional investors is driving up prices.

The upcoming filing of Canary Capital Group’s Litecoin ETF is the latest indication that the cryptocurrency space is poised for significant expansion and adoption in the coming years. For more insights and information on the cryptocurrency market, check out our article on Litecoin Price Prediction 2025.