Nasdaq information 19b-4 kind for ‘Canary Litecoin ETF’ SEC approval – CoinJournal

Nasdaq information 19b-4 kind for ‘Canary Litecoin ETF’ SEC approval – CoinJournal

  • Nasdaq has filed a 19b-4 kind for the proposed Canary Litecoin ETF.
  • The SEC just lately requested Canary Capital to amend the S-1 type of the proposed Litecoin ETF.
  • The preliminary submitting for the Canary Litecoin ETF was made in October 2024.

Nasdaq has taken a pivotal step by submitting a 19b-4 kind for the proposed ‘Canary Litecoin ETF,’ signaling the beginning of the US Securities and Alternate Fee (SEC) overview course of.

This submitting comes simply after Canary Capital amended its S-1 kind, finishing the required duo of paperwork required for the SEC’s consideration.

The 19b-4 kind, submitted on Wednesday, outlines that US Bancorp Fund Companies, LLC will act because the administrator for the ETF, with US Financial institution N.A. tasked with managing the fund’s money belongings. The custody of the particular Litecoin for the ETF can be dealt with by Coinbase Custody Belief Firm LLC.

Canary Litecoin ETF is a part of the rising record of proposed crypto ETFs

This transfer by Nasdaq and Canary Capital is a part of a broader pattern the place a number of companies are pushing for spot ETFs based mostly on numerous cryptocurrencies, together with Solana and XRP, amidst hypothesis that the incoming Trump administration could possibly be extra beneficial in the direction of crypto rules.

The SEC has beforehand given the inexperienced gentle to Bitcoin ETFs in January 2024 and Ethereum ETFs later that 12 months, paving the way in which for different crypto-based monetary merchandise.

Bloomberg Senior ETF Analyst Eric Balchunas has expressed optimism concerning the Litecoin ETF’s prospects, stating on X that suggestions from the SEC on the S-1 kind bodes effectively for approval. Nonetheless, he additionally famous that the approaching change in SEC management might introduce vital variables.

Gary Gensler’s tenure as SEC Chair concluded on Monday, and President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner identified for his crypto-friendly views, to take over. The affirmation listening to for Atkins would possibly happen in March, doubtlessly influencing the regulatory local weather for cryptocurrencies.

Canary Capital’s preliminary submitting for the Litecoin ETF occurred in October 2024, marking the start of this regulatory journey.

With the 19b-4 and S-1 types now in place, the main focus shifts to the SEC, the place the method will unfold over the approaching months. This submitting is a crucial milestone in doubtlessly bringing Litecoin to mainstream traders by way of a regulated monetary product, highlighting the rising intersection between conventional finance and the digital asset area.

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 105,092.16 0.26%
ethereum
Ethereum (ETH) $ 2,537.88 0.38%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.17 1.38%
bnb
BNB (BNB) $ 651.03 0.35%
solana
Solana (SOL) $ 146.02 0.90%
usd-coin
USDC (USDC) $ 0.999989 0.01%
dogecoin
Dogecoin (DOGE) $ 0.177604 1.69%
tron
TRON (TRX) $ 0.270092 1.05%
staked-ether
Lido Staked Ether (STETH) $ 2,536.61 0.39%
cardano
Cardano (ADA) $ 0.636804 0.01%
hyperliquid
Hyperliquid (HYPE) $ 41.46 4.60%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,996.13 0.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,057.44 0.40%
sui
Sui (SUI) $ 3.03 0.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 436.31 5.14%
chainlink
Chainlink (LINK) $ 13.20 0.27%
leo-token
LEO Token (LEO) $ 9.04 0.17%
stellar
Stellar (XLM) $ 0.259622 0.35%
avalanche-2
Avalanche (AVAX) $ 19.16 0.36%
the-open-network
Toncoin (TON) $ 3.00 1.35%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 4.12%
usds
USDS (USDS) $ 0.999888 0.02%
hedera-hashgraph
Hedera (HBAR) $ 0.159676 3.79%
weth
WETH (WETH) $ 2,537.32 0.36%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,713.65 0.39%
litecoin
Litecoin (LTC) $ 86.23 2.87%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.12%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
monero
Monero (XMR) $ 316.34 0.37%
polkadot
Polkadot (DOT) $ 3.81 0.32%
whitebit
WhiteBIT Coin (WBT) $ 38.90 13.04%
bitget-token
Bitget Token (BGB) $ 4.55 0.46%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 105,117.16 0.38%
pepe
Pepe (PEPE) $ 0.000011 4.40%
uniswap
Uniswap (UNI) $ 7.33 1.25%
pi-network
Pi Network (PI) $ 0.585706 5.01%
aave
Aave (AAVE) $ 277.22 2.33%
dai
Dai (DAI) $ 0.99994 0.04%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.04%
bittensor
Bittensor (TAO) $ 375.39 2.89%
okb
OKB (OKB) $ 51.64 0.71%
internet-computer
Internet Computer (ICP) $ 5.63 4.30%
aptos
Aptos (APT) $ 4.54 2.91%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 2.24 0.71%
crypto-com-chain
Cronos (CRO) $ 0.091877 1.41%
ethereum-classic
Ethereum Classic (ETC) $ 16.78 2.72%
ondo-finance
Ondo (ONDO) $ 0.79721 2.75%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 176.57 0.92%
susds
sUSDS (SUSDS) $ 1.06 0.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.52 2.26%
usd1-wlfi
USD1 (USD1) $ 1.00 0.08%
mantle
Mantle (MNT) $ 0.644247 0.74%
gatechain-token
Gate (GT) $ 17.16 0.20%
official-trump
Official Trump (TRUMP) $ 10.20 2.91%
kaspa
Kaspa (KAS) $ 0.076592 1.74%
vechain
VeChain (VET) $ 0.02232 0.57%
fasttoken
Fasttoken (FTN) $ 4.44 0.07%
cosmos
Cosmos Hub (ATOM) $ 4.14 1.83%
sky
Sky (SKY) $ 0.087369 10.96%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 104,832.09 0.38%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.202784 1.16%
ethena
Ethena (ENA) $ 0.297237 1.97%
render-token
Render (RENDER) $ 3.44 1.77%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.670883 2.16%
arbitrum
Arbitrum (ARB) $ 0.341429 1.45%
filecoin
Filecoin (FIL) $ 2.44 2.81%
worldcoin-wld
Worldcoin (WLD) $ 0.990228 2.08%
algorand
Algorand (ALGO) $ 0.180136 2.90%
quant-network
Quant (QNT) $ 106.75 0.29%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,537.58 0.31%
usdt0
USDT0 (USDT0) $ 1.00 0.07%
first-digital-usd
First Digital USD (FDUSD) $ 0.999336 0.46%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.38 0.42%
usdtb
USDtb (USDTB) $ 1.00 0.02%
kucoin-shares
KuCoin (KCS) $ 11.20 0.02%
spx6900
SPX6900 (SPX) $ 1.45 10.65%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 154.30 1.06%
flare-networks
Flare (FLR) $ 0.018291 1.78%
celestia
Celestia (TIA) $ 1.82 3.72%
fartcoin
Fartcoin (FARTCOIN) $ 1.22 12.75%
jupiter-exchange-solana
Jupiter (JUP) $ 0.412292 2.54%
nexo
NEXO (NEXO) $ 1.21 0.14%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.84 1.62%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,887.13 0.36%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,655.57 0.40%
bonk
Bonk (BONK) $ 0.000015 4.14%
injective-protocol
Injective (INJ) $ 11.73 2.35%
sonic-3
Sonic (S) $ 0.343653 6.79%
story-2
Story (IP) $ 3.62 3.14%
optimism
Optimism (OP) $ 0.6005 3.40%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.06%
xdce-crowd-sale
XDC Network (XDC) $ 0.060304 0.14%
blockstack
Stacks (STX) $ 0.63719 3.73%
paypal-usd
PayPal USD (PYUSD) $ 1.00 0.03%
sei-network
Sei (SEI) $ 0.178249 2.12%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,713.06 0.68%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,659.08 0.41%
Scroll to Top