Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval
- Exchange files 19b-4 with Canary Capital for Litecoin ETF
- Filing gets things ‘rolling downhill with the SEC,’ BI says
The US Securities and Exchange Commission (SEC) headquarters in Washington, DC.
Photographer: Kent Nishimura/BloombergThis article is for subscribers only.
Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to gaining the regulator’s approval for a spot Litecoin ETF.
A so-called form 19b-4, required to be filed by the exchange that would list the fund, was submitted on Wednesday, shortly after an updated registration application known as an S-1 was filed by Canary, a new digital asset-focused investment firm. The SEC must sign off on both before an ETF can start trading.