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Asset manager Canary Capital has filed registration documents for a spot Litecoin (LTC<\/a>) exchange-traded fund (ETF) with United States regulators, according to Oct. 15 documents.<\/p>\n The filing is the latest in a proliferation of proposed ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. <\/p>\n Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX), according to the filings<\/a>.<\/p>\n Litecoin is a decentralized peer-to-peer digital currency often pegged as a faster, lower-cost alternative to Bitcoin (BTC<\/a>) for small payments. <\/p>\n Source: United States Securities and Exchange Commission<\/em><\/p>\n<\/figcaption><\/figure>\n Related: <\/strong><\/em>Canary Capital follows Bitwise in filing for spot XRP ETF<\/strong><\/em><\/a><\/p>\n On Oct. 9, Canary filed an S-1<\/a> for a proposed spot XRP (XRP<\/a>) ETF. The filing came only days after crypto fund issuer Bitwise sought to register a similar ETF<\/a> with the Securities and Exchange Commission.<\/p>\n “In short-term, this is likely [a] call option on November election,” Nate Geraci, president of financial advisory The ETF Store, said<\/a> in a post on the X platform.<\/p>\n “Politics clearly matter here in short-term, but I think this is all inevitable over time,” Geraci said. <\/p>\n The XRP token was issued by crypto payments protocol Ripple in 2012.<\/p>\n In 2020, XRP became the subject of a hotly contested lawsuit brought by the SEC, which alleged the token launch amounted to an unregistered securities offering.<\/p>\n Filing the S-1 registration form is the first step toward launching an LTC ETF, but Canary must still wait for the SEC to review the documents. <\/p>\n The SEC needs to authorize a rule change permitting at least one national securities exchange to list the proposed ETF. <\/p>\n Three in four crypto owners said a candidate’s crypto policy will impact how they vote. Source: Gemini<\/em> <\/p>\n<\/figcaption><\/figure>\n United States Vice President and presidential candidate Kamala Harris is friendlier toward cryptocurrency than her boss, President Joe Biden, but not as pro-industry as rival and former President Donald Trump, Galaxy Research said on Oct. 14<\/a>.<\/p>\n Under Biden, a Democrat, the SEC has taken an aggressive regulatory stance toward crypto, bringing upward of 100 regulatory actions against the industry.<\/p>\n In July, Trump promised to “fire” Gary Gensler, who currently heads the SEC. <\/p>\n Starting in September, Harris began to up her crypto game, listing blockchain technology among several emerging sectors where she wants the US to “remain dominant.” <\/p>\n Galaxy said “behind the scenes conversations […] suggest Harris is targeting a slightly more constructive approach” than Biden.<\/p>\nCanary files for XRP ETF as well<\/h2>\n