On February 6, 2025, Grayscale applied to the US Securities and Exchange Commission (SEC) to list shares of its Grayscale Litecoin Trust as an exchange-traded product (ETP) on the New York Stock Exchange (NYSE) Arca. The Litecoin Trust currently holds over $215 million in assets under management, making it the largest investment vehicle for Litecoin. Grayscale argues that the trust does not accurately reflect the value of its underlying assets. The surge in applications for crypto exchange-traded funds (ETFs) and ETPs follows a favorable regulatory environment expected under the Trump administration, which is seen as pro-crypto. Other firms, such as Bitwise and Tuttle Capital, have also submitted applications for various crypto-related ETFs, including proposals for Dogecoin and leveraged vehicles for several cryptocurrencies. The optimistic outlook for crypto investments is bolstered by statements from industry leaders, signaling a potential golden age for digital assets in the new administration.

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