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Cryptocurrency investment firm Canary Capital has filed to launch a Litecoin exchange-traded fund in the US This product aims to provide investors with direct exposure to OG altcoins. The filing cited risk factors such as extreme volatility and the largely unregulated nature of digital assets. Canary Capital noted that Litecoin was launched in 2011 and remains one of the longest-running blockchain networks with a “proven track record of security and reliability.” Earlier this month, Litecoin celebrated its 13th anniversary. Despite not attracting many headlines, this cryptocurrency was actually able to record the highest number of transactions ever in 2024 (77…
Canary Capital Group, the recently formed digital asset investment firm led by former Valkyrie Funds co-founder Stephen McClurg, has launched a new I took a step forward. On October 8, 2024, the company filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC), an important step under the Securities Act of 1933 for companies seeking to offer securities to the public. becomes. This filing marked Canary’s first attempt to launch a spot XRP ETF. Form S-1 contains comprehensive details about the company’s financial condition and the terms of the securities offering. While this is an important milestone,…
This photo illustration shows Republican presidential candidate former President Donald Trump’s social media platform Truth Social on a cell phone on March 25, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesTrading in Trump Media stock was suspended Tuesday due to volatility after the Truth Social owner’s stock price suddenly plummeted.DJT stock continued to fall after a five-minute trading halt was lifted at 12:47 p.m. ET. Stocks fell more than 11% in the final hour before market close.Trump Media, which was up more than 13% early Tuesday afternoon, suddenly fell more than 6% the day the outage occurred.The stock price…
PancakeSwap launched PancakeSwapX to allow users to exchange tokens in both Ethereum and Arbitrum without incurring transaction fees or gas costs. Traditionally, trading on decentralized exchanges involves such costs, but PancakeSwapX eliminates those costs, making trading easier and more affordable. PancakeSwapX allows users to enjoy commission-free trading. This is an attractive feature for frequent traders who want to save money. Additionally, there are no gas fees typically required to process transactions, especially during times of network congestion, making transactions smoother and more accessible. PancakeSwapX aggregates liquidity from various sources to provide better prices for your trades. We draw liquidity from…
Canary Capital announced on Tuesday that it has filed for S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a Litecoin exchange-traded fund (ETF).The move comes less than a week after Canary Capital filed an application to launch an XRP-based ETF, following asset manager Bitwise, which filed its own XRP ETF application on October 1. Ta. Such moves demonstrate continued interest in crypto-backed ETFs. The ETF follows the SEC’s previous approval of the Bitcoin (BTC) ETF and Ethereum (ETH) ETF.In a statement shared with Decrypt, Canary Capital said it believes Litecoin presents a unique and attractive opportunity…
Canary Capital has applied to the U.S. Securities and Exchange Commission to list an exchange-traded fund based on the Bitcoin-inspired cryptocurrency Litecoin. Canary Capital, a crypto-focused investment startup, has filed paperwork with the Securities and Exchange Commission to bring its Spotlight Coin (LTC) ETF to Wall Street trading terminals. The new asset management company launched by Valkyrie founder Steven McClurg has filed documents, including a Form S-1, marking the formal registration of the Spot LTC ETF securities. Litecoin is one of the oldest blockchain assets and is often considered a derivative of Bitcoin (BTC). However, LTC is not an actual…
The use and popularity of cryptocurrencies has skyrocketed in recent years. Moreover, the selection of digital assets available to investors today is constantly expanding, from well-known coins like Dogecoin to rising coins like PCHAIN. This text provides a thorough side-by-side comparison of the famous real estate-inspired PCHAIN and Dogecoin. Although they are cryptocurrencies, they also differ in other ways, such as their intended utility and network support. Dogecoin VS PCHAIN: Revealing the treasure hidden in the PCHAIN whitelist As of May 8, 2021, Dogecoin has become a hugely successful cryptocurrency and has created a huge number of millionaires. Even though…
In today’s digital environment, top cryptocurrency wallets do more than just protect your tokens. They are transforming the way assets are managed, exchanged and transferred between different blockchain ecosystems while maintaining the highest security standards. As Web3 technology gains momentum, the demand for versatile crypto wallets has skyrocketed. This guide delves into the features of four major Web3 wallets: Plus Wallet, MetaMask, Coinbase Wallet, and Trust Wallet, and evaluates their capabilities to provide maximum practicality and strategic advantage for thriving in the digital age. Decide on things. 1. Plus Wallet: Where your holdings are enhanced with every transaction On both…
(Bloomberg) — Disappointing financial results for Europe’s most valuable tech company and concerns about tighter U.S. regulation of semiconductor sales hurt its stock prices, prompting a selloff in an industry that has been a driving force behind the bull market. .Most Read Articles on BloombergThe stock index of semiconductor companies, which had been a focus of attention, fell significantly for the first time since early September, pushing stock prices down from their all-time highs. The U.S.-listed shares of Dutch giant ASML Holding NV plunged 17% after the company unexpectedly cut its forecasts. Nvidia Corp. fell 5% on reports that U.S.…
In a notable development in the cryptocurrency market, asset management company Canary Capital has formally filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the country’s first Spotlight Coin ETF. . Canary Capital aims to launch Litecoin ETF In a statement released on Tuesday, Canary Capital emphasized that Litecoin offers a “unique and attractive investment opportunity.” They believe that Litecoin has a considerable track record and has maintained 100% occupancy since launch, which will be beneficial to their ultimate goal of managing a Litecoin ETF for further exposure. I emphasized that. Canary Capital also…