IPO - Canary Litecoin ETF

Form Type: S-1/A

Filing Date: 2025-01-15

Corporate Action: Ipo

Type: Update

Accession Number: 000183988225002329

Filing Summary: The Canary Litecoin ETF (the Trust) is launching as an exchange-traded product that aims to provide exposure to the price of Litecoin (LTC) held by the Trust. The Trust will establish its net asset value (NAV) daily based on the CoinDesk Litecoin Price Index (LTX). This S-1/A filing represents a pre-effective amendment for the registration of the Trust's Shares to trade on Nasdaq. The Trust is sponsored by Canary Capital Group LLC and will utilize custodians Coinbase Custody Trust Company, LLC and BitGo Trust Company, Inc. The Trust is structured to provide investors with direct access to LTC through a brokerage account without the complexities of managing digital assets themselves. Shareholders will not have management rights and must consider investment risks associated with Nam and market volatility. The Trust is categorized as an emerging growth company and intends to comply with certain reduced reporting requirements.

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