Canary Capital Group, co-founded by former Valkyrie Funds, has submitted a Litecoin ETF application to the US SEC

According to reports, Canary Capital Group, a new investment firm focused on digital assets, submitted an S-1 application document for the launch of Canary Litecoin ETF to the U.S. Securities and Exchange Commission (SEC) on Tuesday. The S-1 document is a necessary file for companies to issue new securities and list them on public stock exchanges, it's one of two documents required for launching exchange-traded products (the other one needed is the 19b-4 filing).

Canary Capital Group was founded by Steven McClurg, former co-founder of Valkyrie Funds. It has only been established for about a month and had submitted an XRP fund application document to the US SEC a week ago.