Grayscale and Coinshares File for Litecoin ETF with SEC
- Grayscale and Coinshares have filed applications with the US SEC to offer a Litecoin ETF.
- Grayscale submitted a 19b-4 form to list its Grayscale Litecoin Trust as an ETF.
- Coinshares filed an S-1 form for an LTC ETF, following Canary Capital’s earlier filing.
- The price of Litecoin surged to $122 following these filings.
- Market experts predict the SEC may approve a Litecoin ETF due to its non-security status.
Grayscale and Coinshares have moved forward in the crypto market by filing for Litecoin ETFs with the US SEC, potentially influencing the cryptocurrency’s value, which recently rose to $122. Market predictions suggest that the SEC might prioritize approving a Litecoin ETF over others like XRP and Solana.
Source (2.6)https://coingape.com/breaking-grayscale-coinshares-file-for-litecoin-etf-with-us-sec/?rand=24432
