Canary Capital’s Third S-1 Amendment Sets Stage for First-Ever Litecoin ETF — Litecoin: The Second, and Perfect, Bitcoin
- masterbtcltc
- Oct 7
- 2 min read
Canary Capital Group has filed its third S-1 amendment for the proposed Canary Litecoin ETF, signaling the final stage before potential SEC approval — which could come any day now, even amid the ongoing government shutdown. If approved, it would mark the first-ever Litecoin (LTC) ETF in the United States, following the trail blazed by the Bitcoin and Ethereum ETFs last year. The timing couldn’t be more symbolic — Litecoin’s genesis block was conceived today, and its 14th birthday arrives on October 13th, celebrating over a decade of flawless performance as the longest-running blockchain with 100% uptime — even surpassing Bitcoin’s record.
On September 22, 2025, Charlie Lee, creator of Litecoin, made a seed investment of $1 million by purchasing 40,000 shares at $25 each. The trust will use those proceeds to purchase $1 million in Litecoin, establishing its initial holdings. Lee, listed as the Seed Capital Investor, will act as a statutory underwriter, and his seed shares currently represent all outstanding shares of the trust. It’s a clear signal that Litecoin’s founder has real skin in the game, personally backing the launch of the first Litecoin ETF.
Bloomberg ETF analyst Eric Balchunas noted the update on X, highlighting that Canary’s latest filing now includes both the management fee (0.95%) and the proposed ticker symbol “LTCC” — typically the final details added before approval. “These docs look pretty finalized to me,” Balchunas commented, adding that the government shutdown may be the only thing delaying a green light from the SEC.
The proposed ETF would allow investors to gain regulated, direct exposure to Litecoin’s market performance without the need to hold or manage the asset themselves. Coinbase Custody is slated to serve as the fund’s custodian, with Nasdaq expected to list the product upon approval. The filing underscores Litecoin’s growing status as “digital silver” — a 14-year-old decentralized network that continues to lead in real-world payments through platforms such as BitPay and CoinGate. With institutional interest accelerating and additional filings from major firms anticipated, Litecoin’s long-awaited moment in the ETF spotlight appears near — perfectly timed with its 14th anniversary.
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Great article — it clearly shows how the launch of the first Litecoin ETF in the U.S. highlights the project’s long history of success and the active involvement of its creator.
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