Litecoin (LTC) founder Charlie Lee revealed in an interview that he hopes that the Spot Litecoin ETF (Exchange-Traded Fund) will soon be launched.
Lee looks forward to the US Securities and Exchange Commission (SEC) to approve the universal listing standard for cryptocurrency ETFs and Litecoin, which is accepted as one of the 10 assets that meet these criteria.
Lee assessed Litecoin's position within the new regulatory framework, arguing that the SEC decision would facilitate the approval process. “We hope that the Litecoin ETF will be released soon,” he said. “This provides a very easy way for people to passively access Litecoin.”
Lee also highlighted the approval process for one of the ETF applications he is an investor, saying developments similar to the successful launch of Bitcoin and Ethereum ETF will also occur in Litecoin.
While there are multiple final deadlines for SEC to decide this week for XRP, Dogecoin, Solana, Cardano and Litecoin ETFs, Universal Listing Standard allows you to launch ETFs without SEC approval.
*This is not investment advice.
