Litecoin Founder: Spot LTC ETF Expected to Launch Soon

ChainCatcher reported that Litecoin founder Charlie Lee stated in a recent interview that he expects a spot LTC ETF to be launched soon. This view is based on the US SEC's approval of universal listing standards for cryptocurrency ETFs, as well as LTC being included as one of the 10 assets that meet these standards.

In the interview, Charlie Lee discussed the prospects for LTC under the evolving regulatory framework. He mentioned that the SEC's recent approval of universal crypto ETF listing standards is a key driving factor and emphasized that Litecoin meets the criteria for rapid approval. As a seed investor in a proposed ETF, Charlie Lee previously stated that ETF approval would happen "soon" and compared it to the successful launches of Bitcoin and Ethereum ETFs earlier this year. "I expect the Litecoin ETF to be launched soon, which will actually provide people with a convenient way to gain passive exposure to Litecoin."