Canary Capital’s application for a spot Litecoin exchange-traded fund (ETF) has been officially listed by the Depository Trust and Clearing Corporation (DTCC) in the United States. According to Nasdaq data, DTCC is a leading financial institution that provides post-trade clearing, settlement, and information services. The ETF, which is listed under the symbol “LTCC,” is seen as a positive sign in preparation for its launch. However, this listing does not guarantee that the ETF will receive approval from the U.S. Securities and Exchange Commission (SEC), as it has not yet been authorized.
The Approval Process for Spot Litecoin ETF Continues
DTCC indicates that a significant portion of listed ETFs are inactive and still in the preparatory phase before launch. These funds become operational only after receiving all necessary regulatory approvals. For instance, a spot Ethereum 
$3,139 ETF previously applied for by VanEck opened for trading on the Cboe exchange two months after being listed by DTCC.
Last month, the SEC requested public feedback regarding Canary Capital’s spot Litecoin ETF. The ongoing process, submitted via a 19b-4 form by Nasdaq, was published in the Official Gazette on February 4, 2025. The SEC has a 45-day evaluation period for this application, which can be extended up to a maximum of 90 days.
ETF Applications Surge for Other Altcoins
In addition to the Litecoin ETF, the SEC has accepted and is evaluating spot ETF applications for popular altcoins like XRP, Solana 
$143, and Dogecoin 
$0.139586. Many companies are closely monitoring how the SEC will approach the approval of these funds.
Recent regulatory changes introduced by the SEC have led to a remarkable increase in ETF applications in the cryptocurrency space. The positive attitude of the Donald Trump administration towards the cryptocurrency market has raised the likelihood of these financial products receiving approval.
Following the DTCC listing, Litecoin’s main network asset, LTC, has seen an upward trend. According to CoinMarketCap, LTC is currently trading at $134.51, reflecting a 2% increase over the last 24 hours.
