Crypto ETFs Expand Litecoin Solana XRP

Grayscale and CoinShares Apply for New Crypto ETFs

• Grayscale has filed applications for ETFs tracking Litecoin and Solana.
• The Litecoin ETF aims to track LTC’s price without direct ownership.
• Grayscale seeks to convert its Solana Trust into a spot Solana ETF.
• The SEC’s decision on the Solana ETF was initially scheduled for January 23.
• A pro-crypto SEC, led by interim Chair Mark Uyeda, is in place under President Trump.

Grayscale has applied for ETFs that would track the price movements of Litecoin and Solana. The SEC’s decision on Grayscale’s proposal to convert its Solana Trust into a spot ETF was initially set for January 23 but remains pending. A new pro-crypto regulatory environment may influence these decisions.