Litecoin founder: Spot LTC ETF is expected to launch soon

ChainCatcher news, Litecoin founder Charlie Lee stated in a recent interview that he expects the spot LTC ETF to be launched soon. This view is based on the SEC's approval of general listing standards for cryptocurrency ETFs, as well as LTC being included as one of the 10 assets that meet the criteria.

In the interview, Charlie Lee discussed the prospects of LTC under the evolving regulatory framework. He mentioned that the SEC recently approved the general listing standards for crypto ETFs, which is a key driving factor, and emphasized that Litecoin meets the conditions for rapid approval. As a seed investor in a proposed ETF, Charlie Lee had previously stated that ETF approval would happen "soon," comparing it to the successful launches of Bitcoin and Ethereum ETFs earlier this year. "I expect the Litecoin ETF to be launched soon, which will actually provide people with a convenient way to gain passive exposure to Litecoin."