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NYSE Approval to Convert Grayscale Litecoin Trust into Spot LTC ETF

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Key Points:

NYSE files to convert Grayscale Litecoin Trust into a spot Litecoin ETF.
SEC review process opens for public comments on the proposal.
Approval could bring more investment opportunities and liquidity to the LTC market.

New York Stock Exchange (NYSE) has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), requesting approval to convert the Grayscale Litecoin Trust into a spot Litecoin ETF.

NYSE Seeks Approval for Grayscale Litecoin Trust Conversion

The application is part of a proposed rule change that is currently under review by the SEC, and the public is invited to submit comments regarding the proposal.

INTEL: NYSE files to convert Grayscale $LTC Trust into a spot Litecoin ETF pic.twitter.com/4WxcSc24UI

— Solid Intel 📡 (@solidintel_x) February 5, 2025

This application could mark a pivotal moment for Litecoin (LTC) investors as it seeks to bring the Grayscale Litecoin Trust into the same compliance framework as previously approved Bitcoin and Ethereum ETFs. If the SEC approves the request, it will open the door for new liquidity and investment opportunities in the LTC market, potentially attracting more institutional and retail investors seeking a compliant, regulated way to gain exposure to Litecoin.

Read more: Grayscale Dogecoin ETF Seeks SEC Approval With New Application

Potential Market Liquidity Boost for Litecoin

The SEC has already granted approval for a Bitcoin spot ETF, and it is currently reviewing other crypto asset ETF applications. Approving a Litecoin spot ETF would be a significant milestone, as it would add another widely recognized cryptocurrency to the growing list of spot crypto ETFs, offering a clearer path for investors to participate in the cryptocurrency market without dealing with the complexities of directly holding digital assets.

The application is under review, and the crypto community awaits further updates. If approved, the Grayscale Litecoin Trust spot ETF could bring significant changes to the market, fueling interest and potentially boosting the overall growth of the cryptocurrency ETF space.

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