• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Litecoin

Grayscale, Coinshares File For Litecoin Spot ETF – Crypto Community Reacts

Semilore Faleti
by Semilore Faleti
7 months ago
·
Posted in Litecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Asset managers Grayscale and Coinshares have joined the race to launch a Litecoin (LTC) Spot ETF drawing reactions from the crypto community ranging from excitement to criticism.

Related Reading: Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

Litecoin Spot ETF: Crypto Community Weighs In

On January 24, Coinshares filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch the COINSHARES LITECOIN ETF (the “Trust”),  a spot exchange-traded fund that offers investors exposure to cryptocurrency LTC.

Meanwhile, Grayscale also filed a 19b-4 form with the securities regulator to list and trade its Grayscale Litecoin Trust, suggesting potential conversion to a Spot ETF.  In doing so, both asset managers join Canary Capital in a bid to launch the first Litecoin Spot ETF. 

This development has spurred much euphoria in the crypto community as a spot ETF generally promises direct institutional adoption which can translate into significant price growth as seen in the Bitcoin market. However, certain market analysts have attacked the idea of Litecoin Spot ETF which they believe shows little potential for success. 

According to renowned crypto expert, Ali Martinez, the Litecoin market appears largely unready for a spot ETF considering the asset has maintained the same price range over the past eight years. Martinez nudges asset managers to rather launch a USDT ETF which would allow investors to earn a staking yield at worst. 

In another X post, crypto analyst with username djThistle01 also questions the idea of a LTC ETF especially as the asset has consistently declined against Bitcoin over the past 10 years. 

However, other analysts argue that Litecoin’s network activity makes up for its lack of extensive price action. According to entrepreneur Tarun Tejpal, the LTC transaction count has been on the rise since November 28. Notably, between 13-20 January 2025, Litecoin has processed over $69 billion in transactions translating into an average of $10 billion per day.

Another LTC enthusiast named Aristotle’s Money also highlighted the asset’s achievement as the most used cryptocurrency for payment in 2024 according to data from BitPay, demonstrating significant market interest.

Related Reading: Here’s Why The Dogecoin Price Is Crashing Despite The DOGE ETF Filings

Will A Litecoin Spot ETF Be Successful?

In a rather uncanny fashion, the idea of Litecoin Spot ETF has drawn a division among crypto enthusiasts and analysts. Interestingly, this debate is likely to soon be settled as LTC is potentially the next crypto asset to secure a spot ETF ahead of other altcoins including Solana and XRP.

This assumption is based on developments such as the recent submission of an S1-amendment by Canary Capital indicating an ongoing dialogue between the asset manager and the SEC. At the time of writing, Litecoin trades at $123.91 following a 0.72% gain in the past day.

 

Litecoin
LTC trading at $123.87 on the daily chart | Source: LTCUSDT chart on Tradingview.com
Featured image from cryptoast, chart from Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Semilore Faleti

Semilore Faleti

Follow

Semilore Faleti works as a crypto-journalist at Bitconist, providing the latest updates on blockchain developments, crypto regulations, and the DeFi ecosystem. He is a strong crypto enthusiast passionate about covering the growing footprint of blockchain technology in the financial world.

Full Profile

Related Posts

XRP coin

Ripple CTO Claps Back At Pundit Over Budding XRP Vs. Litecoin War

3 days ago
Litecoin

Litecoin’s Blockchain Maturity Is On The Rise – What This Means For LTC’s Price

1 week ago
litecoin_ltc_ltcusd_optimized

Why Litecoin (LTC) Could Skyrocket Soon: ETF Momentum and Rising Merchant Adoption

1 month ago
Litecoin

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again

1 month ago
Hoskinson Says ADA Not Being Listed On Gemini Is A ‘Good Thing’, Here’s Why

Litecoin About To Complete 3rd Ever Golden Cross In History, What Happened The Last 2 Times?

2 months ago
Altcoins

Crypto Analyst Dunks On Shiba Inu, Cardano, And Litecoin, Reveals Bullish Cryptocurrencies

1 year ago

Premium Sponsors

Press Releases

  • miner

    Ripple (XRP) is attracting investor interest: ALL4 Mining...

    1 hour ago
  • MINER

    2025 Free Crypto Cloud Mining Sites Detailed Guide: No...

    3 hours ago
  • BAY Miner’s

    BTC Swings? BAY Miner’s USD Contracts Yield $85,777...

    3 hours ago
  • Bitcoin

    BTC’s surge doesn’t wait! GMO Miner helps you...

    3 hours ago
  • Cloud Mining

    Compliance and High Returns: ALR Miner Cloud Mining, with...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.