The SEC has acknowledged CoinShares’ filing for a spot Litecoin ETF, sparking excitement in the crypto community. Could this be Litecoin’s chance to step into the mainstream spotlight? 🪙
Created in 2011 by Charlie Lee, Litecoin is known for its faster transactions and lower fees compared to Bitcoin. Ranking 17th by market cap, $LTC currently trades at around $124.69. This ETF filing follows the SEC’s approvals of Bitcoin and Ethereum ETFs, signaling a potentially more crypto-friendly era under new SEC Chair Paul Atkins, appointed by President Trump.
However, approval isn’t guaranteed. The SEC’s 21-day public comment period is just the first step, and past rejections of other altcoin ETFs show regulatory caution remains. If approved, this could boost $LTC’s adoption, especially with its proven utility—processing billions in daily transactions.
