Canary Capital Proposes 0.95% Fee for Litecoin Spot ETF
Canary Capital plans to charge a 0.95% annual fee for its proposed spot Litecoin ETF. The asset manager filed new documents seeking regulatory approval. This ETF would directly track Litecoin’s price movements.
The filing, dated September 15, 2025, states the ETF will trade on Nasdaq. Canary Capital Group LLC will sponsor the fund. CSC Delaware Trust Company is named trustee. U.S. Bancorp Fund Services, LLC will act as transfer agent and administrator. U.S. Bank, N.A. will serve as cash custodian.
For crypto custody, Coinbase Custody Trust Company and BitGo Trust Company Inc. will hold the Litecoin reserves securely.
ETF Structure and Benchmark
The Canary Litecoin ETF aims to track Litecoin’s price while accounting for fund expenses. Its net asset value (NAV) will be calculated daily. The ETF will use the CoinDesk Litecoin CCIXber 60m New York Rate as its benchmark.
This benchmark is a 60-minute time-weighted average price. It is based on the LTC-USD CCIXber Reference Rate, which aggregates data from multiple major trading platforms.
SEC Review and Industry Impact
Bloomberg ETF analyst James Seyffart noted the SEC’s decision is expected in early October. He said, “@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 approved, Canary Capital’s Litecoin ETF would join other digital asset ETFs beyond Bitcoin. This could mark a key step for Litecoin’s entry into regulated financial markets.
