Litecoin Founder Optimistic About ETF Approval

AI Review

According to Odaily, Fox Business journalist Eleanor Terrett reported on Platform X that Litecoin founder Charlie Lee expressed his enthusiasm for Canary Capital’s Litecoin ETF application. Lee stated, “I’m excited to see Canary Capital applying for a Litecoin ETF. We’ve seen significant institutional demand for Litecoin. This is evident from the daily growth of the Grayscale Litecoin Trust, which is trading at more than double its net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see a Litecoin ETF approved soon.”