Key Takeaways:
- Grayscale has applied to the SEC to list its Litecoin Trust as an ETP on NYSE Arca.
- The trust currently holds $215 million AUM, making it the largest Litecoin investment vehicle.
- Grayscale seeks better price tracking and increased investor efficiency, with the SEC now reviewing the proposal.
Grayscale has applied to the U.S. SEC to list its Litecoin Trust as an exchange-traded product (ETP) on NYSE Arca.
The filing, made on February 6, aims to enhance price tracking and improve investor access to Litecoin.
SEC has also acknowledged NYSE's 19b-4 filing to list & trade Grayscale Litecoin Trust…
— Nate Geraci (@NateGeraci) February 6, 2025
Now the 2nd litecoin ETF filing they have acknowledged. pic.twitter.com/DHVSKECHnp
The Litecoin Trust currently holds over $215 million in assets under management (AUM), making it the largest investment vehicle for Litecoin.
Grayscale argues that converting the trust into an ETP will better reflect the underlying asset’s value.
The move comes amid increased interest in crypto ETFs and ETPs, fueled by expectations of regulatory changes under a potential Trump reelection.
The SEC is now reviewing Grayscale’s proposal.
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