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Canary Seeks Sec Nod For Spot Litecoin Etf With 0.95% Fee
GameFi Guides

Canary Seeks SEC Nod for Spot Litecoin ETF With 0.95% Fee

by admin September 16, 2025



Canary Capital plans to charge a 0.95% yearly fee for its proposed spot Litecoin ETF, according to new regulatory documents. The move comes as the asset manager seeks regulatory approval to launch one of the first exchange-traded funds directly tied to Litecoin’s price movements.

Fee Structure and Prospectus Filing

According to the filing, the Canary Litecoin ETF would charge investors a 0.95% annual expense ratio if approved. 

The document notes: “The information in this Preliminary Prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Preliminary Prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.”

The filing, dated September 15, 2025, outlines that the ETF will trade on the Nasdaq Stock Market under the sponsorship of Canary Capital Group LLC. CSC Delaware Trust Company is listed as trustee, while U.S. Bancorp Fund Services, LLC will serve both as transfer agent and administrator. U.S. Bank, N.A., will act as cash custodian. 

On the crypto side, Coinbase Custody Trust Company and BitGo Trust Company Inc. are named as custodians to securely hold the ETF’s Litecoin reserves.

Benchmarking and Structure

The Canary Litecoin ETF is designed to let investors track Litecoin’s price while factoring in the fund’s costs and expenses. Its net asset value (NAV) will be calculated daily using the CoinDesk Litecoin CCIXber 60m New York Rate. This benchmark is derived from a 60-minute time-weighted average price of the LTC-USD CCIXber Reference Rate, which aggregates trading data from multiple major platforms.

SEC Timeline and Industry Context

Bloomberg ETF analyst James Seyffart noted that “@CanaryFunds updates the prospectus filing for their Litecoin ETF. Notably its due for final approval decision (or denial?) by the SEC in the first week of October.”

If cleared, Canary Capital’s product would join the wave of digital asset ETFs emerging beyond Bitcoin, positioning Litecoin as one of the next cryptocurrencies to enter regulated investment vehicles. The decision, expected in early October, could mark a milestone moment for Litecoin’s integration into mainstream financial markets.

Also Read: Bitwise Seeks SEC Approval to Launch Avalanche Spot ETF



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September 16, 2025 0 comments
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Grayscale Seeks SEC Nod for Bitcoin Cash (BCH) and Hedera (HBAR) ETFs
GameFi Guides

Grayscale Seeks SEC Nod for Bitcoin Cash (BCH) and Hedera (HBAR) ETFs

by admin September 9, 2025



Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday for three crypto exchange-traded funds, expanding its roster of potential offerings as issuers jockey for regulatory approval.

The asset manager submitted an S-1 registration for a Litecoin LTC$109.19 ETF, a move that follows its earlier bid to convert the Grayscale Litecoin Trust into an ETF.

At the same time, it lodged S-3 filings for exchange-traded funds tied to Bitcoin Cash BCH$578.41 and Hedera HBAR$0.2127. If approved, the products would join a lineup that already includes spot bitcoin and ether ETFs launched last year.

The filings underscore Grayscale’s push to diversify its crypto-linked investment products while regulators weigh how far to open the door to such funds. Just a day earlier, the firm sought to convert its Chainlink LINK$22.77 Trust into an ETF, signaling a rapid pace of applications despite regulatory uncertainty.

Grayscale is not alone. Fidelity, VanEck and several other issuers have lined up proposals for digital-asset funds in hopes that the SEC will sign off on more products later this year. Industry executives say broader approval could help mainstream investors gain exposure to cryptocurrencies through regulated markets, while potentially easing concerns about custody and transparency.

For now, the SEC under Chair Paul Atkins has delayed decisions on a range of crypto ETF applications. A green light from regulators would give investors a way to trade crypto exposure alongside traditional securities in brokerage accounts.



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September 9, 2025 0 comments
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Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC
NFT Gaming

Winklevoss-backed Gemini gets EU-wide pass through Malta’s MiCA nod

by admin August 21, 2025



Gemini is entering the European fray with a compliance-first advantage. Its newly granted MiCA license, coupled with an existing MiFID II approval, outfits the exchange as a fully-regulated contender against established incumbents in the bloc.

Summary

  • Gemini secures a MiCA license from Malta, granting EU-wide market access across 27 member states and EEA countries.
  • The approval, alongside Gemini’s MiFID II license, positions the exchange as a fully regulated competitor in Europe.

According to an official announcement on August 21, the crypto exchange Gemini has secured a MiCA license from the Malta Financial Services Authority. The regulatory green light grants the Winklevoss twins-founded company a passport to offer its suite of services, including custody and trading, across all 27 European Union member states, plus several additional jurisdictions in the European Economic Area.

BIG news! Gemini has received its MiCA license 🇪🇺

This approval marks a major step forward, allowing us to bring trusted and regulated crypto access to over 30 European countries. pic.twitter.com/5q3B4vvmiR

— Gemini (@Gemini) August 21, 2025

The approval, confirmed in the MFSA’s official registry, streamlines Gemini’s expansion from a nation-by-nation grind to a single, bloc-wide deployment. For the EU, it is a sign that heavyweight exchanges are willing to play by its rulebook, presenting a test case for whether clear regulation can deliver both growth and guardrails in an industry that has often thrived in legal gray zones.

A license that completes Gemini’s regulatory arsenal

This MiCA authorization arrives just months after Gemini secured a critical Markets in Financial Instruments Directive (MiFID II) license in May. That earlier approval authorized the exchange to offer derivative products to European clients.

The combination of the MiFID II and MiCA licenses can be seen as the “gold standard” for EU operation, transforming Gemini from a basic crypto service provider into a fully-compliant, multifaceted trading venue capable of handling a complex array of digital asset products.

Capitalizing on its MiFID II status, Gemini rolled out tokenized stocks for European users in late June. These blockchain-based tokens, which represent shares of traditional equities and trade nearly around-the-clock, represent the exact type of innovative financial product the EU hopes to cultivate under its new regulatory regime.

Additionally, this expansive European push coincides with the Gemini’s broader ambitions; the exchange recently took concrete steps toward an initial public offering, hiring Goldman Sachs, Morgan Stanley, Cantor, and Citigroup to lead the process.

Why Gemini is betting on MiCA

Gemini’s leadership has expressed not just compliance with, but genuine enthusiasm for, the MiCA framework. The regulation, which fully applies to crypto asset service providers this December, represents the world’s first comprehensive attempt to harmonize digital asset rules across a major economic bloc.

For an exchange that has long championed “regulation as a growth driver,” MiCA provides the legal certainty required to deploy products and services at scale without navigating a patchwork of conflicting national laws.

“We believe that clear regulation of the industry is the foundation of global crypto adoption, and MiCA’s implementation has proven that Europe is one of the most innovative and forward-thinking regions regarding this,” Mark Jennings, Gemini’s Head of Europe, said in a statement.

Gemini’s approval places it among a small vanguard of exchanges to receive the MiCA nod from the Malta Financial Services Authority. According to the official MFSA registry, it joins just four other crypto asset service providers: Bitpanda, Crypto.com, OKX, and ZBX.





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August 21, 2025 0 comments
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