PANews reported on February 5 that according to disclosure documents, the New York Stock Exchange (NYSE) has submitted Form 19b-4 to apply to convert Grayscale Litecoin Trust into a spot Litecoin ETF.

The application is part of a proposed rule change and is being reviewed by the SEC (U.S. Securities and Exchange Commission), and the public can submit comments on it. If approved, this will be another compliant spot crypto asset ETF after the Bitcoin and Ethereum ETFs, which may bring new liquidity and investment opportunities to the LTC market. The SEC has previously approved a Bitcoin spot ETF and is reviewing other crypto asset ETF applications.