Litecoin now in spotlight with institutional fund inflow
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The recent surge in Litecoin’s inflows is likely connected to expectations of an ETF fund. According to a , Canary Capital filed an S-1 registration with the U.S. Securities and Exchange Commission to launch a Litecoin ETF. The ETF will offer retail and institutional investors direct exposure to Litecoin if approved.
Following the filing announcement, LTC’s price increased by 7.5% in 24 hours. Litecoin’s price continued to rise as the crypto market rallied. As of this writing, LTC is trading at $70.13, up 1.02% in the past 24 hours.Litecoin has continued on its bullish tear, hitting a key transaction milestone. Notably, digital assets are now the top choice among crypto participants for payments.
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Ex-Valkyrie Founder’s Canary Capital Group Files for First Litecoin ETFHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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