Litecoin Spot ETF in the works after a Bitcoin Spot ETF
Grayscale Investments® Launches Campaign to Encourage American Investors to Advocate for a Spot Bitcoin ETF.
This would convert Grayscale® Bitcoin Trust (OTCQX: GBTC) to a Spot Bitcoin ETF. Investors can comment on the 240-day review period. To submit comments send an email with the information below:
subject: File No. SR-NYSEArca-2021-90
body: Write why you want GBTC to convert to an ETF in the body of the email
A spot Bitcoin ETF in the United States, opens the doors for an eventual spot Litecoin ETF. Read more here from Forbes.
Grayscale has plans to convert the Litecoin Trust (OTCQX: LTCN) into an ETF in the future and has already made steps by filing as SEC reporting companies in July 12, 2021.