Big news for those into Litecoin (LTC) - there are now three new ETF filings. A new Coin Shares Litecoin ETF was filed today, and the Grayscale Litecoin Trust was filed to convert into an ETF with a 19b-4 filing.
Currently, Litecoin benefits from regulatory clarity, having been classified as a commodity by the CFTC for years. Unlike XRP and Solana, it does not face court appeals from the SEC, which increases the likelihood that it could be among the first to receive approval and join Bitcoin and Ethereum as the only other digital assets with ETFs.
Eric Balchunas, an analyst from Bloomberg, commented on X:
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