Canary Capital Pushes For Spot Litecoin ETF With 0.95% Fee

Canary Capital has submitted regulatory filings seeking SEC approval for a spot Litecoin ETF with a 0.95% annual fee. The filing, dated September 15, outlines that the ETF would trade on Nasdaq under Canary’s sponsorship. CSC Delaware Trust Company would act as trustee, while U.S. Bancorp Fund Services serves as administrator and transfer agent. U.S. Bank, N.A., will be the cash custodian.

For crypto custody, the filing names Coinbase Custody Trust Company and BitGo Trust Company Inc., ensuring Litecoin reserves are securely held. The ETF is designed to track Litecoin’s market price, adjusted for costs and expenses, with its NAV calculated daily using the CoinDesk Litecoin CCIXber 60m New York Rate—a 60-minute weighted average of major LTC-USD trading platforms.

If approved, the Canary Litecoin ETF would provide institutional and retail investors direct exposure to Litecoin through traditional brokerage accounts. The proposal comes amid growing competition to introduce spot crypto ETFs in the U.S. market.

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