Litecoin (LTC) Surges 7% as Canary Capital Files for Litecoin ETF

Litecoin (LTC) has soared over 7% in the last 24 hours, becoming the top gainer in the cryptocurrency market. This surge is fueled by Canary Capital’s filing for an exchange-traded fund (ETF) that tracks the price of Litecoin. The proposed ETF would allow investors to gain exposure to LTC’s price movements without directly purchasing the cryptocurrency. This move comes just a week after Canary Capital filed for a similar ETF tracking XRP, further highlighting the growing interest in crypto-focused investment vehicles.

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