Imagine if there was an investment opportunity that could instantly increase the value of your Litecoin (LTC) by 10%, would you be tempted? On October 15, investment management company Canary Capital Group submitted the S-1 form of the first Litecoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). As soon as the news came out, the price of LTC soared, reaching as high as $73!
Are you also curious whether the arrival of Litecoin ETF can set off a craze in the cryptocurrency circle like Bitcoin and Ethereum ETF?
Don't jump to conclusions yet, let's analyze it carefully.