Litecoin ETF as I didn't know what a litecoin ETF was, I asked #DeepSeek to tell me, and this is what I got.
A Litecoin ETF (Exchange-Traded Fund) is an exchange-traded fund that allows investors to access Litecoin (LTC) without the need to buy or store the cryptocurrency directly. Instead, the ETF tracks the price of Litecoin and allows investors to buy and sell shares of the fund in traditional markets, such as the stock exchange.
How does it work?
A Litecoin ETF is backed by real Litecoins, which are held by a financial entity. When the price of Litecoin goes up or down, the value of the ETF also changes. This makes investing in cryptocurrencies easier for those who prefer to operate on regulated platforms and avoid the complexity of managing digital wallets or cryptocurrency exchanges.
