Main to remember
- Canary Capital proposed an annual expenditure ratio of 0.95% for its Litecoin ETF spot.
- The fees were disclosed in recent regulatory deposits in the request for approval of the Canary ETF.
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Canary Capital revealed 0.95% fees for its proposed Litecoin Stock Exchange Project.
The structure of the costs has been revealed in regulatory documents, as the asset management company requests the approval of the Digital Asset ETF. The annual expenditure ratio of 0.95% would apply to investors from the fund if it receives regulatory authorization.
Canary Capital joins other companies that pursue the approval of punctual crypto ETF beyond Bitcoin, with Litecoin representing one of the digital assets envisaged for ETF structures. The proposed fund would provide direct exposure to Litecoin prices movements through regulated investment vehicles.
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