The New York Stock Exchange (NYSE) has applied to convert Grayscale's Litecoin Trust into a spot Litecoin ETF, which could increase Litecoin's presence in traditional financial markets. Grayscale is focused on bringing crypto assets to investors through ETFs and is awaiting approval for a Litecoin ETF after receiving approval for a Bitcoin spot ETF. The application is now being reviewed by the SEC, and if approved, it could lead to a surge in Litecoin's price and heightened institutional interest, bolstering its position in the financial markets.



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