Litecoin ETF Advances SEC Review Begins

SEC Reviews CoinShares’ Litecoin ETF Proposal

• The SEC has begun reviewing CoinShares’ application for a Litecoin ETF.
• The ETF aims to provide regulated exposure to Litecoin through Nasdaq.
• Structured as a Delaware Statutory Trust, it will track Litecoin’s performance via the Compass Crypto Reference Index.
• The trust will hold only Litecoin and cash, with shares representing fractional interests.
• The SEC review period is 45 days, extendable up to 90 days or more.

The SEC’s review of CoinShares’ application for a Litecoin ETF marks a step toward regulated crypto exposure. The proposed trust will exclusively hold Litecoin and cash, offering fractional shares to investors. The review period could last up to 90 days or more, focusing on market surveillance and investor protection measures.