Grayscale Seeks Regulatory Approval for Litecoin ETF Conversion

Grayscale Investments has filed an amendment to convert its Litecoin Trust into a spot exchange-traded fund (ETF). The move would give holders of the trust, currently listed under the ticker LTCN on the OTCQX, a regulated and exchange-listed wrapper for Litecoin exposure.

The filing updates the plan for the Grayscale Litecoin Trust, which is sponsored by Grayscale Investments Sponsors, LLC. The trust's shares are currently traded over-the-counter on the OTCQX under the ticker LTCN. Once effective, the shares would be listed on NYSE Arca under the same ticker.

The listing arrangement remains subject to SEC sign-off, and both an effective registration statement and a completed 19b-4 approval are required before trading can begin. The conversion is not yet complete and still hinges on regulatory approval.