Litecoin (LTC) founder Charlie Lee revealed in an interview that he expects a spot Litecoin ETF (exchange-traded fund) to launch quickly.
Lee primarily based his expectation on the US Securities and Trade Fee (SEC) approving common itemizing requirements for cryptocurrency ETFs and Litecoin being accepted as one of many 10 belongings that meet these requirements.
Lee assessed Litecoin’s place throughout the new regulatory framework, arguing that the SEC’s choice would expedite the approval course of. “I count on the Litecoin ETF to launch very quickly,” he mentioned. “This may present an easy approach for folks to passively entry Litecoin.”
Lee additionally highlighted the approval technique of one of many ETF functions through which he was an investor, and mentioned {that a} related improvement to the profitable launches of the Bitcoin and Ethereum ETFs may also happen for Litecoin.
There are a number of remaining deadlines for the SEC to resolve on this week for the XRP, Dogecoin, Solana, Cardano, and Litecoin ETFs, however common itemizing requirements enable for the ETFs to launch with out requiring SEC approval.
*This isn’t funding recommendation.
