According to Odaily, Fox Business journalist Eleanor Terrett reported on the X platform that Litecoin founder Charlie Lee has expressed his enthusiasm regarding Canary Capital's application for a Litecoin ETF. Lee stated, 'I am pleased to see Canary Capital applying for a Litecoin ETF. We have indeed observed significant institutional demand for Litecoin. This is evident from the daily growth of the Grayscale Litecoin Trust, whose price is more than double its net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see the Litecoin ETF approved soon.'