Summary
- The U.S. SEC announced that it is seeking feedback on the conversion of the Grayscale Litecoin Trust into a spot ETF.
- The SEC stated that the feedback collection will last for 21 days.
- Grayscale reported that it submitted a review request to the New York Stock Exchange and the SEC for converting the LTC Trust into a spot ETF.
According to The Block, a cryptocurrency-focused media outlet, the U.S. Securities and Exchange Commission (SEC) has begun soliciting feedback on the conversion of the Grayscale Litecoin (LTC) Trust into a spot Exchange-Traded Fund (ETF) as of the 6th (local time).
The feedback period is 21 days. Previously, Grayscale submitted a 19b-4 filing to the New York Stock Exchange (NYSE) and the SEC to request a review for converting its LTC Trust into a spot ETF.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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