[Lunch Briefing] Canary Capital Litecoin ETF Application Submission

Major virtual assets are on the rise.

At 1:20 pm on the 16th, based on Bithumb, BTC rose 2.67% from the previous day to 90,949,000 won. ETH rose 1.90% to 35,460,000 won, BNB rose 1.7% to 8,050,000 won, SOL rose 1.26% to 2,091,000 won, and XRP rose 0.68% to 736 won.



At 1:37 pm on CoinMarketCap, BTC recorded $66,940.03, up 2.05% from the previous day. ETH traded at $2,607.53, down 0.31% from the previous day, BNB at $591.66, up 0.93%, SOL at $153.38, down 1.69%, and XRP at $0.5421, down 1.22%.

The total market capitalization of virtual assets increased by 0.44% from the previous day to about $2.3 trillion (about 3,133.13 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 8 points from the previous day to 73 points, indicating 'greed'.

Canary Capital, a cryptocurrency investment firm, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a Litecoin (LTC) spot exchange-traded fund (ETF).

According to the filing submitted by Canary Capital on the 15th (local time), the ETF they are preparing will use the CoinDesk Litecoin Price Index (LTX) as the underlying index. Litecoin is a digital currency that is emerging as an alternative to existing coins, as it is cheaper and faster to generate than Bitcoin.

Nate Geraci, a financial advisor at ETF Store, wrote on X (formerly Twitter) that "in the short term, there is a high possibility of being a call option related to the US presidential election in November" and "in the short term, politics will have an impact, but the long-term trend is clear".

Canary Capital also filed an S-1 on the 9th to launch an XRP spot ETF.

Reporter Hae-yeon Kang

haeyeon41@rni.kr