Canary Capital Launches Canary Litecoin ETF (LTCC)
Canary Capital Group LLC (“Canary Capital”), a digital asset-focused investment firm, is proud to announce the launch of the Canary Litecoin ETF (Nasdaq: LTCC), a spot Litecoin ETF approved for trading by the U.S. Securities and Exchange Commission (SEC).
“This is another landmark moment in what has been a pivotal year for the crypto industry, Canary is incredibly proud to have delivered on our mission to bring registered crypto investment solutions to the broader investment public,” remarks Steven McClurg, CEO and founder of Canary Capital. “As one of the longest-running blockchains, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-class use cases. With LTCC, we are proud to provide investors an SEC-registered vehicle to gain exposure to this important digital asset.”
Often referred to as the “digital silver” to Bitcoin’s “digital gold,” Litecoin has long been recognized for its speed, efficiency, and reliability. With approximately 14 years of continuous 100% uptime and growing adoption across payment processors and financial institutions, Litecoin has cemented its role as a trusted, standard-setting cryptocurrency. Through LTCC, investors can now get exposure to Litecoin through a simplified and familiar vehicle supported by leading institutional partners and service providers.
“Given the continued demand for spot crypto products and growing education around the potential of crypto and blockchain technologies, we believe there will be strong demand from retail and institutional investors alike seeking access to Litecoin exposure,” finished McClurg. “Our team understands the nuances of crypto-focused products and looks forward to supporting investors, educating the industry, and developing innovative financial products.”
To learn more about LTCC click here.
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About Canary Capital
Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.
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Disclosures and Risk
Investing Involves Significant Risk. The loss of principal is possible. Canary Litecoin ETF (the "Fund") may not be suitable for all investors. This communication does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.
The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://etfs.canary.capital/LTCC/prospectus/. Read it carefully before Investing.
The Fund is not a registered commodity pool or an investment company registered under the Investment Company Act of 1940. Shares of the Fund are not subject to the same regulatory requirements as mutual funds.
These investments are not suitable for all investors. Funds focusing on a single asset generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as Litecoin, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.
Litecoin is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. Litecoin is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for digital assets, and other factors. There is no assurance that Litecoin will maintain its value over the long-term.
The Fund is new with a limited operating history.
Paralel Distributors LLC, Marketing Agent. Paralel is unaffiliated with Canary Capital.
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