The Asset Canary Capital manager submitted registration documents for the Litecoin (LTC) commercial fund (ETF) with the United States regulatory bodies, in accordance with documents on October 15.
The notification is the last of the proposed ETFs with alternative cryptocurrencies before the presidential election in the US in November.
The ETF proposed by Canary is intended to maintain LTC Spot and closely track the performance index of Cindesk Litecoin (LTX), in accordance with filings.
Litecoin is a decentralized peer-to-peer digital currency often determined as a faster, cheaper alternative to Bitcoins (BTC) too diminutive payments.
Source: Securities and United States Commission
Related: Canary Capital tracks BitWise in submitting the application for the XRP ETF point
Canary files for XRP ETF
On October 9, Canary laid S-1 for the proposed ETF XRP (XRP). The notification took place only a few days after the Crypto Fund Bitwery tried to register a similar ETF in the Securities and Stock Exchange Commission.
“This is likely in a low period [a] The option of calling in the November election ”, Nate Geraci, President of Financial Advisory The ETF Store, he said In the post on the X. platform.
“Politics is clearly significant in a low time, but I think that in time it is all inevitable,” said Geratei.
The XRP token was published by Ripple Crypto Payements Protocol in 2012.
In 2020, XRP became the subject of a strongly questioned lawsuit lodged by SEC, in which the token was alleged, which is an unregistered offer of securities.
Submission of the S-1 registration form is the first step to launch ETF LTC, but Canary still has to wait for SEC to review documents.
SEC must allow a change that allows at least one National Stock Stock Exchange to be allowed to provide the proposed ETF.
Three out of four cryptographic owners said that the candidate’s cryptographic policy would affect the voting. Source: Gemini
The Vice President of the United States and presidential candidate Kamal Harris is more friendly to cryptocurrency than its boss, President Joe Biden, but not as pro-seconds like the rival and former President Donald Trump, Galaxy Research said on October 14.
For Biden, Democrat, SEC adopted an aggressive regulatory position against cryptocurrencies, bringing 100 regulatory activities against the industry.
In July, Trump promised to “sluggish down” Gary Gensler, who is currently managed by SEC.
Starting from September, Harris began to raise its cryptographic game, mentioning blockchain technology among several emerging sectors in which he wants the US to “remain dominant”.
Galaxy said: “For conversations about backstage […] Suggest that Harris is focused on a slightly more constructive approach “than Biden.
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