The founding father of Litecoin, Charlie Lee, is definite the SEC will grant admission of a Litecoin (LTC) ETF for buying and selling within the U.S. securities markets. Lee believed this may solely be a matter of time.
Charlie Lee’s confidence could also be coming from the current launch of ETFs immediately, April 30 for each Bitcoin and Ethereum on the Hong Kong inventory trade.
Lee thought of Litecoin the identical as Bitcoin, which presently has a spot ETF buying and selling on the US securities market after receiving regulatory authorization from the SEC years in the past. As said by Lee, Litecoin, like Bitcoin, can be a proof-of-work cryptocurrency, therefore making use of the identical classification of Bitcoin as a commodity might be used to categorise LTC. This manner, Litecoin might be appropriate with a Bitcocin-like ETF that’s spot on in nature.
Lee ascertains {that a} Lite-coin ETF could also be potential, however the demand for it might be probably not as robust as Bitcoin ETFs.Ethereum spot ETFs are extra most well-liked than LTC by the general public, however he believes that Ethereum’s change to PoS will create regulatory hurdles as nicely.
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