Grayscale has filed with the U.S. Securities and Exchange Commission to convert its Litecoin Trust into an exchange-traded fund. The filing seeks to rename the product from Litecoin Trust to Grayscale Litecoin Trust ETF. If approved, the fund is intended to list on NYSE Arca under the ticker LTCN. Cointelegraph reported that the SEC has received the filing, and PANews carried the update on Sept. 13. The report only states the filing and proposed listing details, without disclosing a review timeline or approval status. The development adds Litecoin to the list of crypto investment products seeking the ETF structure in the U.S. market, based on the filing described in the report.
Grayscale has filed paperwork with the U.S. Securities and Exchange Commission seeking to convert its Litecoin Trust into an exchange-traded fund.
According to Cointelegraph, the filing would rename the product as the Grayscale Litecoin Trust ETF. The proposed fund is intended to list on NYSE Arca under the ticker LTCN.
PANews reported the update on Sept. 13. The report said the SEC has received the filing.
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