LATEST: Litecoin ETF Approval Expected Soon, Says Founder Charlie Lee

Charlie Lee, the founder of Litecoin, believes it’s only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves a Litecoin (LTC) ETF for trading on American securities markets. His optimism stems from the recent launch of ETFs for Bitcoin and Ethereum on the Hong Kong stock exchange. According to Lee, Litecoin, like Bitcoin, is a proof-of-work cryptocurrency that could potentially benefit from similar regulatory treatment and be classified as a commodity. However, Lee recognizes that the demand for a Litecoin ETF might not be as high as for Bitcoin ETFs, given that Ethereum ETFs are currently more popular than LTC. Nonetheless, he maintains that Ethereum’s switch to proof-of-stake could lead to regulatory challenges that Litecoin, as a proof-of-work currency, might not face.


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