Asset managers Grayscale and Coinshares have each filed with the US Securities and Change Fee (SEC) to supply a Litecoin ETF. This makes them the second and third fund managers to take action after Canary Capital.
Grayscale And Coinshares File For Litecoin ETF
In an X post, the President of the ETF Retailer, Nate Geraci, revealed that Grayscale and Coinshares have filed with the US SEC to supply a Litecoin ETF. In Grayscale’s case, the asset supervisor filed a 19b-4 kind to listing and commerce its Grayscale Litecoin Belief as an ETF.
In the meantime, Coinshares filed an S-1 kind with the Fee to supply an LTC ETF. These are the second and third purposes for such ETF following Canary Capital’s submitting final yr.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated subjects that lower throughout DeFi, NFTs, sensible contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He’s an avid basketball lover and a part-time degen.
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