While the SEC marked a significant milestone by approving Bitcoin and Ethereum ETFs, spot ETF applications for Solana (SOL), XRP, and Litecoin (LTC) also followed.
Canary Capital, which also applied for XRP, made a big splash last week by applying for a Litecoin ETF.
Following this application, Litecoin founder Charlie Lee made his first comment. Fox Business Reporter Eleanor Terrett said that he made a statement regarding Canary Capital’s LTC ETF application.
Accordingly, Charlie Lee shared his excitement and happiness regarding the ETF application and said:
“I’m excited to see Canary Capital’s Litecoin ETF application.
We’re definitely seeing a lot of institutional demand for Litecoin.
This is evident from the daily growth of the Grayscale Litecoin Trust, which is priced at more than twice its NAV. Given that Litecoin is a commodity very similar to Bitcoin, I expect a Litecoin ETF to be approved very soon.”
Litecoin, which has risen by 7.3% in the last 7 days, continues to be traded at $71.5 at the time of writing.
🚨NEW: Litecoin founder @SatoshiLite gave this statement to @FoxBusiness regarding @CanaryFunds recent filing for a $LTC ETF:
“I’m excited to see the Litecoin ETF filing by Canary Capital. We are definitely seeing a lot of institutional demand for Litecoin. This is clear from… https://t.co/CS7kg2Cn2g
— Eleanor Terrett (@EleanorTerrett) October 21, 2024
*This is not investment advice.
