NYSE Apply to Convert Grayscale Litecoin Trust to Spot LTC ETF
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2 hours ago 879
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According to the release of documents, according to the disclosure, the New York Stock Exchange (NYSE) has submitted Form 19b-4 to apply to convert the Grayscale Litecoin Trust (Grayscale Litecoin Trust) into a spot Litecoin ETF.
The application is part of the proposed rule changes and is reviewed by the SEC (SEC) and the public can submit comments. If approved, this will be another compliant spot crypto asset ETF following Bitcoin and Ethereum ETFs, which may bring new liquidity and investment opportunities to the LTC market. The SEC has previously approved Bitcoin spot ETFs and is reviewing other crypto asset ETF applications.