Author: Michael Johnson

Litecoin price hovers around $63 with the altcoin down over 5% in the past week and 11% over the last 30 days. According to CoinGecko, LTC has fallen 84% since hitting its all-time high above $410 in May 2021. The downtrend that has seen one of the earliest cryptocurrencies slide out of the top 10 by market cap now has small wallet holders selling as price nears a crucial support area. Market intelligence and on-chain analytics platform Santiment has highlighted a dip in Litecoin shrimp holders – wallet addresses with less than 1 LTC. These wallets have sold-off over 45,200…

Canary Capital has filed for a spot Litecoin ETF The ETF aims to offer institutional investors exposure to Litecoin’s value Regulatory challenges may arise, especially regarding market infrastructure and liquidity Canary Capital, a notable name in the world of cryptocurrency investment, has filed for a spot Litecoin exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The filing comes days after the company submitted a similar registration for a spot XRP ETF. The latest filings signal the firm’s ambitious expansion plans in the digital asset investment landscape, targeting institutional investors seeking reliable cryptocurrency exposure. Aiming to tap into…

Nasdaq has filed a 19b-4 form for the proposed Canary Litecoin ETF. The SEC recently asked Canary Capital to amend the S-1 form of the proposed Litecoin ETF. The initial filing for the Canary Litecoin ETF was made in October 2024. Nasdaq has taken a pivotal step by filing a 19b-4 form for the proposed ‘Canary Litecoin ETF,’ signaling the start of the US Securities and Exchange Commission (SEC) review process. This filing comes just after Canary Capital amended its S-1 form, completing the necessary duo of documents required for the SEC’s consideration. The 19b-4 form, submitted on Wednesday, outlines…