Canary Capital has revealed plans to launch a litecoin-focused product just one week after filing for an ETF that would directly hold Ripple’s XRP token.

The asset manager’s proposed Canary Litecoin ETF would “hold LTC and establish its net asset value on each business day by reference to the CoinDesk Litecoin Price Index,” the Tuesday filing notes. 

Litecoin turned 13 years old on Sunday. LTC’s market capitalization stands at nearly $5.3 billion — the 27th-highest among crypto tokens, according to CoinGecko data. 

“As one of the longest-running blockchains with 100% uptime since its inception, litecoin has demonstrated a proven track record of security and reliability…

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