US SEC solicits public comment on a proposal to convert Grayscale Litecoin Trust to ETF
Reprinted from panewslab
02/07/2025·17D
PANews February 7th news, according to The Block, the U.S. Securities and
Exchange Commission (SEC) solicited public comments on a proposal to convert a
grayscale Litecoin (LTC) trust into an ETF. In a document released Thursday,
the SEC acknowledged the application submitted by NYSE Arca on behalf of
Grayscale and requested comments to be submitted within 21 days of the release
of the Federal Register. The SEC may decide to approve, deny, or “start the
program.”
NYSE Arca filed 19b-4 documents last month to apply to convert the "Greyscale
Litecoin Trust" and "Greyscale Solana Trust" into ETFs. The 19b-4 document is
the second part of a two-step process in which the spot cryptocurrency ETF is
proposed. Once the SEC confirms the document, it will be published in the
Federal Gazette, starting the agency's approval process.
Several companies have submitted fund proposals based on other altcoins such
as Dogecoin (DOGE) in the past few weeks, and it seems that the SEC leadership
changes may be more conducive to the approval of cryptocurrency ETFs.
文章详情
US SEC solicits public comment on a proposal to convert Grayscale Litecoin Trust to ETF
Reprinted from panewslab
02/07/2025·17DPANews February 7th news, according to The Block, the U.S. Securities and Exchange Commission (SEC) solicited public comments on a proposal to convert a grayscale Litecoin (LTC) trust into an ETF. In a document released Thursday, the SEC acknowledged the application submitted by NYSE Arca on behalf of Grayscale and requested comments to be submitted within 21 days of the release of the Federal Register. The SEC may decide to approve, deny, or “start the program.”
NYSE Arca filed 19b-4 documents last month to apply to convert the "Greyscale Litecoin Trust" and "Greyscale Solana Trust" into ETFs. The 19b-4 document is the second part of a two-step process in which the spot cryptocurrency ETF is proposed. Once the SEC confirms the document, it will be published in the Federal Gazette, starting the agency's approval process.
Several companies have submitted fund proposals based on other altcoins such as Dogecoin (DOGE) in the past few weeks, and it seems that the SEC leadership changes may be more conducive to the approval of cryptocurrency ETFs.
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