PANews, October 22, reported that Fox Business reporter Eleanor Terrett posted on the X platform stating: Litecoin (LTC) founder Charlie Lee (@SatoshiLite) expressed a positive attitude towards the recent Litecoin ETF application submitted by Canary Capital. He pointed out that the demand for Litecoin from institutions is continuously growing, 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, as a commodity, I hope the Litecoin ETF can be approved soon.'

Previously, Canary Capital has 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 firm founded by Steven McClurg, the founder of Valkyrie Funds.