ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Canary Capital Launches Canary Litecoin ETF (LTCC)

The firm’s spot ETF launch delivers simplified exposure to Litecoin

Canary Capital Group LLC (“Canary Capital”), a digital asset-focused investment firm, is proud to announce the launch of the Canary Litecoin ETF (Nasdaq: LTCC), a spot Litecoin ETF approved for trading by the U.S. Securities and Exchange Commission (SEC).

“This is another landmark moment in what has been a pivotal year for the crypto industry, Canary is incredibly proud to have delivered on our mission to bring registered crypto investment solutions to the broader investment public,” remarks Steven McClurg, CEO and founder of Canary Capital. “As one of the longest-running blockchains, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-class use cases. With LTCC, we are proud to provide investors an SEC-registered vehicle to gain exposure to this important digital asset.”

Often referred to as the “digital silver” to Bitcoin’s “digital gold,” Litecoin has long been recognized for its speed, efficiency, and reliability. With approximately 14 years of continuous 100% uptime and growing adoption across payment processors and financial institutions, Litecoin has cemented its role as a trusted, standard-setting cryptocurrency. Through LTCC, investors can now get exposure to Litecoin through a simplified and familiar vehicle supported by leading institutional partners and service providers.

“Given the continued demand for spot crypto products and growing education around the potential of crypto and blockchain technologies, we believe there will be strong demand from retail and institutional investors alike seeking access to Litecoin exposure,” finished McClurg. “Our team understands the nuances of crypto-focused products and looks forward to supporting investors, educating the industry, and developing innovative financial products.”

To learn more about LTCC click here.

About Canary Capital

Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.

Disclosures and Risk

Investing Involves Significant Risk. The loss of principal is possible. Canary Litecoin ETF (the "Fund") may not be suitable for all investors. This communication does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://etfs.canary.capital/LTCC/prospectus/. Read it carefully before Investing.

The Fund is not a registered commodity pool or an investment company registered under the Investment Company Act of 1940. Shares of the Fund are not subject to the same regulatory requirements as mutual funds.

These investments are not suitable for all investors. Funds focusing on a single asset generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as Litecoin, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.

Litecoin is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. Litecoin is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for digital assets, and other factors. There is no assurance that Litecoin will maintain its value over the long-term.

The Fund is new with a limited operating history.

Paralel Distributors LLC, Marketing Agent. Paralel is unaffiliated with Canary Capital.

CNRY6

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  220.69
+3.55 (1.63%)
AAPL  271.49
+5.24 (1.97%)
AMD  203.78
-2.24 (-1.09%)
BAC  51.56
+0.56 (1.10%)
GOOG  299.65
+9.67 (3.33%)
META  594.25
+5.10 (0.87%)
MSFT  472.12
-6.31 (-1.32%)
NVDA  178.88
-1.76 (-0.97%)
ORCL  198.76
-11.93 (-5.66%)
TSLA  391.09
-4.14 (-1.05%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.