PANews reported on October 22 that Fox Business reporter Eleanor Terrett posted on the X platform stating: Litecoin (LTC) founder Charlie Lee (@SatoshiLite) expressed a positive attitude towards Canary Capital's recent submission of the Litecoin ETF application. He pointed out that the demand for Litecoin from institutions is constantly increasing, as evidenced by the daily growth of the Grayscale Litecoin Trust, whose price has exceeded twice its net asset value (NAV). He stated, 'Given that Litecoin is similar to Bitcoin and acts as a commodity, I hope the Litecoin ETF can be approved soon.'

Previously, Canary Capital officially submitted the S-1 application for the LTC ETF to the U.S. Securities and Exchange Commission (SEC). Canary is a new crypto investment company founded by Steven McClurg, the founder of Valkyrie Funds.