Canary Seeks SEC Nod for Spot Litecoin ETF With 0.95% Fee

TheCryptoTimesPublicado em 2025-09-16Última atualização em 2025-09-16

Canary Capital plans to charge a 0.95% yearly fee for its proposed spot Litecoin ETF, according to new regulatory documents. The move comes as the asset manager seeks regulatory approval to launch one of the first exchange-traded funds directly tied to Litecoin’s price movements.

Fee Structure and Prospectus Filing

According to the filing, the Canary Litecoin ETF would charge investors a 0.95% annual expense ratio if approved.

The document notes: “The information in this Preliminary Prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Preliminary Prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.”

The filing, dated September 15, 2025, outlines that the ETF will trade on the Nasdaq Stock Market under the sponsorship of Canary Capital Group LLC. CSC Delaware Trust Company is listed as trustee, while U.S. Bancorp Fund Services, LLC will serve both as transfer agent and administrator. U.S. Bank, N.A., will act as cash custodian.

On the crypto side, Coinbase Custody Trust Company and BitGo Trust Company Inc. are named as custodians to securely hold the ETF’s Litecoin reserves.

Benchmarking and Structure

The Canary Litecoin ETF is designed to let investors track Litecoin’s price while factoring in the fund’s costs and expenses. Its net asset value (NAV) will be calculated daily using the CoinDesk Litecoin CCIXber 60m New York Rate. This benchmark is derived from a 60-minute time-weighted average price of the LTC-USD CCIXber Reference Rate, which aggregates trading data from multiple major platforms.

SEC Timeline and Industry Context

Bloomberg ETF analyst James Seyffart noted that “@CanaryFunds updates the prospectus filing for their Litecoin ETF. Notably its due for final approval decision (or denial?) by the SEC in the first week of October.”

If cleared, Canary Capital’s product would join the wave of digital asset ETFs emerging beyond Bitcoin, positioning Litecoin as one of the next cryptocurrencies to enter regulated investment vehicles. The decision, expected in early October, could mark a milestone moment for Litecoin’s integration into mainstream financial markets.

Also Read: Bitwise Seeks SEC Approval to Launch Avalanche Spot ETF

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