Canary Capital Group has submitted an S-1 filing to launch the first Litecoin ETF, marking a significant step for crypto investment opportunities.
The firm, founded by Steven McClurg, aims to lead in crypto ETFs and has previously filed for an XRP fund with the SEC.
The 19b-4 filing is crucial as it indicates a rule change necessary for the fund's trading, whereas the S-1 alone isn't sufficient.
Following the filing, Litecoin's price jumped 5%, showcasing investor interest in the developments within the crypto ETF space.
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