Odaily Planet Daily News Fox Business reporter Eleanor Terrett stated on the X platform that Litecoin founder Charlie Lee commented on Canary Capital's application for a Litecoin ETF, saying: "I am pleased to see Canary Capital apply for a Litecoin ETF. We are indeed seeing a lot of institutional demand for Litecoin. This is clearly evident from the daily growth of the Grayscale Litecoin Trust, which is priced at more than twice its net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see the Litecoin ETF approved soon."