Investor demand for a Litecoin (LTC) exchange-traded fund (ETF) could reach $580 million if Wall Street adopts it at the same rate as Bitcoin's ETF, according to calculations. There is speculation that LTC may become the third cryptocurrency asset to have its own ETF in the US, following Bitcoin and Ethereum. Canary Capital, a digital asset-focused investment firm, is well-positioned to issue a Litecoin ETF. Analysts believe that even if demand is comparatively low, a Litecoin fund could still be successful. The success of Bitcoin and Ethereum ETFs has set unprecedented records, and there is uncertainty surrounding investor demand for additional products. According to a report by JPMorgan, around 6% of Bitcoin's total market capitalization is locked up in ETFs, while Ethereum's ETFs make up about 3% of its market cap. Based on these figures, a Litecoin ETF could attract between $290 million and $580 million in the first year of trading. While this may seem low compared to Bitcoin and Ethereum's ETFs, it is still a significant amount relative to most US ETFs.



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