Bancorp Fund Services and Coinbase Custody Trust are responsible for administering the Canary Litecoin ETF, which Nasdaq has submitted to the Securities and Exchange Commission (SEC) for approval.
Canary Capital submitted the Wednesday filing on its behalf in an effort to incorporate the “Canary Litecoin ETF” into its operations. The cash custodian of this ETF will be US Bank NA, while Bancorp Fund Services will serve as the fund administrator. Litecoins have been transferred to Coinbase Custody Trust Company LLC.
As part of a two-phase procedure, today’s filing is the second stage. This occurred concurrently with the filing of an amended Form S-1 by Canary Capital. The Canary Litecoin ETF approval procedure will commence upon the SEC’s certification of Form 19b-4 and its publication in the Federal Register.
Brought to the market in 2011, Litecoin offers quicker transaction processing than Bitcoin and lower fees. In contrast to Bitcoin’s structure, it also employs a distinct hashing algorithm to enable a more decentralized mining process.
The Canary Litecoin ETF would receive a new lease of life if the Securities and Exchange Commission (SEC) permits its listing. This cryptocurrency has experienced its lowest daily active address count since 2023. However, the potential approval of the ETF has already sparked a surge in interest.
Steven McClurg, a former co-founder of Valkyrie Funds, established Canary Capital, which is well-positioned to introduce this product. In October, the organization initiated the process of establishing the Litecoin ETF. Nasdaq’s recent filing with the Securities and Exchange Commission (SEC) sets the stage for the regulator’s decision.
Bancorp Fund Services and Coinbase Custody Trust are responsible for administering the Canary Litecoin ETF, which Nasdaq has submitted to the Securities and Exchange Commission (SEC) for approval.
Canary Capital submitted the Wednesday filing on its behalf in an effort to incorporate the “Canary Litecoin ETF” into its operations. The cash custodian of this ETF will be US Bank NA, while Bancorp Fund Services will serve as the fund administrator. Litecoins have been transferred to Coinbase Custody Trust Company LLC.
As part of a two-phase procedure, today’s filing is the second stage. This occurred concurrently with the filing of an amended Form S-1 by Canary Capital. The Canary Litecoin ETF approval procedure will commence upon the SEC’s certification of Form 19b-4 and its publication in the Federal Register.
Brought to the market in 2011, Litecoin offers quicker transaction processing than Bitcoin and lower fees. In contrast to Bitcoin’s structure, it also employs a distinct hashing algorithm to enable a more decentralized mining process.
The Canary Litecoin ETF would receive a new lease of life if the Securities and Exchange Commission (SEC) permits its listing. This cryptocurrency has experienced its lowest daily active address count since 2023. However, the potential approval of the ETF has already sparked a surge in interest.
Steven McClurg, a former co-founder of Valkyrie Funds, established Canary Capital, which is well-positioned to introduce this product. In October, the organization initiated the process of establishing the Litecoin ETF. Nasdaq’s recent filing with the Securities and Exchange Commission (SEC) sets the stage for the regulator’s decision.
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