Canary Litecoin ETF filed its quarterly report on Form 10-Q with the SEC on November 13, 2026, covering the period ended September 30, 2026, disclosing net assets of $14,187,757 and a holding of 214,247 Litecoin units valued at $14,194,644.

Key Highlights

  • Net assets: $14,187,757 as of September 30, 2026, up from $6,960,107 at December 31, 2025.
  • Litecoin holdings: 214,247 LTC at fair value of $14,194,644, against a cost basis of $15,050,021.
  • Shares outstanding: 880,000 shares as of September 30, 2026 (910,000 as of November 9, 2026), with a net asset value per share of $16.12.
  • Nine-month net decrease from operations: $(1,067,542), driven by a net realized loss on crypto currency of $(2,007,967) and sponsor fees of $46,846.
  • Three-month net increase from operations: $3,109,068, reflecting $4,395,785 in unrealized appreciation partially offset by a $1,270,547 realized loss.
  • Capital activity: Shares sold totaled $10,735,182 and shares redeemed totaled $2,439,990 for the nine months ended September 30, 2026.
  • Seed Capital Investor: Charlie Lee purchased 40,000 shares at $25 per share on September 22, 2025, contributing $1,000,000 in seed proceeds to the Trust.

Canary Litecoin ETF's Passive LTC Tracking Strategy and Financial Position at September 30, 2026

According to the filing, the Canary Litecoin ETF (NASDAQ:LTCC) is a Delaware statutory trust formed on September 24, 2024, managed and controlled by Canary Capital Group LLC as Sponsor. The Trust operates as a passive investment vehicle whose sole objective, as described in the filing, is "to seek to provide exposure to the price of Litecoin held by the Trust, less the expenses of the Trust's operations and other liabilities." The Trust holds LTC directly and establishes its net asset value each business day by reference to the CoinDesk Litecoin Benchmark 60m NY Rate, a 60-minute time-weighted average price aggregated from major LTC trading platforms.

As of September 30, 2026, the Trust reported total assets of $14,194,644, consisting entirely of its Litecoin investment, against total liabilities of $6,887 payable to the Sponsor, resulting in net assets of $14,187,757. The filing shows paid-in capital of $17,111,176 and total distributable earnings representing an accumulated deficit of $(2,923,419). The 880,000 shares outstanding at the balance sheet date carried a net asset value, offering, and redemption price per share of $16.12, compared with $18.81 per share at December 31, 2025. The Trust's only expense line is the sponsor fee, which totaled $16,170 for the three months ended September 30, 2026, and $46,846 for the nine months then ended, with no fees waived in either period.

For the nine-month period, the Trust recorded a net realized loss on crypto currency of $(2,007,967) and net change in unrealized depreciation of $987,271, producing a net decrease in net assets from operations of $(1,067,542). The three-month period showed a reversal in unrealized value, with $4,395,785 in unrealized appreciation contributing to a net increase from operations of $3,109,068. The filing notes that no comparative prior-period financial statements are presented because the initial share purchase date of the Trust was October 27, 2025.

What Was Disclosed

The filing disclosed the Trust's unaudited financial statements for the quarter and nine months ended September 30, 2026, including its sole holding of 214,247 LTC at fair value, net assets of $14,187,757, shares outstanding of 880,000, and a per-share NAV of $16.12, alongside sponsor fee expenses and capital share transaction activity.