Litecoin (LTC) ETF Filed With the SEC, Targeting Institutional Investors

CoinShares, a leading digital asset firm in Europe, has filed an S-1 registration form with the SEC to introduce a Litecoin ETF.

CoinShares files S-1 registration for Litecoin ETF

CoinShares, a leading digital asset firm in Europe, has filed an S-1 registration form with the SEC to introduce a Litecoin ETF. This move aims to offer institutional investors regulated access to Litecoin (LTC) without directly holding the cryptocurrency.

The Litecoin Foundation shared the update on its X handle, generating discussion in the cryptocurrency community. The proposed ETF seeks to position Litecoin alongside existing ETFs for Bitcoin and Ethereum, potentially expanding its institutional appeal.

This filing reflects growing interest in cryptocurrencies as viable assets in traditional financial markets. It also signals a push to make Litecoin more accessible to a broader range of investors.

Monochrome Submits Application in Australia

Monochrome Asset Management has submitted a draft application for its third spot crypto-asset exchange-traded fund (ETF), the Monochrome Litecoin ETF (Ticker: LTCC), to Cboe Australia. Pending approval from the exchange and regulators, LTCC will join the firm’s growing portfolio of ETFs, providing investors with regulated access to key digital assets under a licensed framework.

The LTCC filing builds on Monochrome’s existing ETF offerings, which include the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH). This move highlights Monochrome’s commitment to offering regulated ETF products that hold eligible cryptocurrency assets for the Australian market.

Litecoin’s Recent Market Activity

Litecoin's recent market activity shows slight fluctuations. It is currently trading at $115.08, showing a minimal 0.02% increase. This follows a broader decline over the past 24 hours, with intraday lows nearing $114. Despite these movements, the price appears to stabilize around the $115 mark.

Despite price fluctuations, onchain data reveals strong activity within Litecoin’s network. Reports show an average of $2.85 billion in daily transactions exceeding $100,000, accounting for more than half of Litecoin’s market capitalization.

The Litecoin Foundation also reported a record-breaking hashrate for its network, emphasizing increased security and efficiency. These metrics indicate that Litecoin remains a significant player in the cryptocurrency space.

Litecoin’s Adoption of MimbleWimble and Network Upgrades

Litecoin's adoption of the MimbleWimble Extension Block (MWEB) upgrade has improved its privacy and scalability. This enhancement has made the network more appealing for institutional and individual users seeking secure transactions.

Social engagement around Litecoin has also increased, with reports of its social dominance growing from 0.3% to 2.9%. Discussions about the proposed Litecoin ETF and network performance have driven broader interest in the cryptocurrency.

Institutional Confidence Boosted by Pro-Crypto U.S. Policies

Pro-crypto policies under the current U.S. administration have encouraged institutional investment. President Donald Trump signed executive orders prioritizing cryptocurrency and appointed officials supportive of the sector.

These actions have also created a favorable environment for regulated crypto products like ETFs.

Skepticism Surrounds Litecoin’s ETF Readiness

However, not everyone in the Litecoin community is optimistic about its potential ETF approval. Crypto expert Ali Martinez has criticized Litecoin's stagnant price performance over the past eight years, suggesting it may not be ready for this leap. He also argued that a USDT ETF, which could provide staking yields, might be a more practical option for investors.