Shocking News: Litecoin ETF Madness Unleashed by Grayscale and Coinshares!

by

In a move that has sent shockwaves through the intergalactic financial community (and possibly the local coffee shop), asset managers Grayscale and Coinshares have decided to throw their hats into the ring of financial wizardry by filing with the US Securities and Exchange Commission (SEC) to offer a Litecoin ETF. Yes, you heard that right! They are the second and third fund managers to join this cosmic dance after Canary Capital, which apparently has a knack for being first in line for the latest financial fads.

Grayscale And Coinshares File For Litecoin ETF

In a post that was probably typed with the urgency of a cat chasing a laser pointer, Nate Geraci, the President of the ETF Store, revealed that Grayscale and Coinshares have indeed filed with the US SEC to offer a Litecoin ETF. Grayscale, in a fit of bureaucratic enthusiasm, filed a 19b-4 form to list and trade its Grayscale Litecoin Trust as an ETF. Because why not add more acronyms to the already bewildering world of finance?

Meanwhile, Coinshares, perhaps feeling a bit left out, decided to file an S-1 form with the Commission to offer an LTC ETF. These filings mark the second and third applications for such an ETF, following Canary Capital’s bold move last year. It’s almost like a game of financial leapfrog, but with more paperwork and fewer children’s giggles.

This latest flurry of crypto-related ETFs has been pouring in like a never-ending stream of intergalactic travelers ever since US President Donald Trump took office and appointed Mark Uyeda as the acting US SEC Chair. One can only imagine the conversations happening in the SEC offices, where the coffee is strong, and the decisions are even stronger. ☕️🚀

Read More

2025-01-25 00:51