$LTC Litecoin ETF Could Attract Up to $580M of Inflows If Adoption Mirrors That of Bitcoin ETFs

At the moment, Canary Capital appears best-positioned to be the initial issuer of the new vehicle.

What to know:

Prospective litecoin exchange-traded funds (ETFs) could see inflows of up to $580 million if investors adopt them at the same rate as the bitcoin ETFs.

Roughly 6% of bitcoin’s supply is now in a variety of ETFs. A similar percentage for litecoin would yield more than $500 million of inflows for LTC ETFs.

Only about 1,330 out of 4,000 ETFs in the U.S. have assets-under-management over $300 million.

While a litecoin (LTC) exchange-traded fund is still only theoretical, investor demand for the product could soar as high as $580 million if Wall Street adopts it at the same rate it did LTC’s better-known cousin bitcoin.