Hashdex Seeks SEC Approval to Add Litecoin to Its Nasdaq Crypto Index US ETF
- Hashdex submitted an index change amendment to the SEC to add Litecoin to its Nasdaq Crypto Index US ETF.
- The move aims to expand institutional investment and offers broader exposure to altcoins.
- Litecoin’s addition reflects growing confidence in the crypto asset beyond Bitcoin and Ethereum.
Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include Litecoin (LTC) in its Nasdaq Crypto Index US ETF.
If approved, this change would broaden institutional investment opportunities for Litecoin and represent a significant step beyond the current focus on Bitcoin and Ethereum in similar investment products.
The Litecoin Foundation shared the filing on X, emphasizing its importance to the LTC community. The ETF tracks the Nasdaq Crypto Settlement Price Index (NCIS), which was previously named the Nasdaq Crypto US Settlement Price Index (NCIUSS) before a rebranding.
Why Is Litecoin Gaining Institutional Interest?
Since its launch in 2011 by Charlie Lee, Litecoin has established itself as a crypto for faster transactions and lower fees compared to Bitcoin. Institutional interest in Litecoin has steadily risen, with inve…
The post Hashdex Seeks SEC Approval to Add Litecoin to Its Nasdaq Crypto Index US ETF appeared first on Coin Edition.
Read More
Hashdex Seeks SEC Approval to Add Litecoin to Its Nasdaq Crypto Index US ETF
- Hashdex submitted an index change amendment to the SEC to add Litecoin to its Nasdaq Crypto Index US ETF.
- The move aims to expand institutional investment and offers broader exposure to altcoins.
- Litecoin’s addition reflects growing confidence in the crypto asset beyond Bitcoin and Ethereum.
Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include Litecoin (LTC) in its Nasdaq Crypto Index US ETF.
If approved, this change would broaden institutional investment opportunities for Litecoin and represent a significant step beyond the current focus on Bitcoin and Ethereum in similar investment products.
The Litecoin Foundation shared the filing on X, emphasizing its importance to the LTC community. The ETF tracks the Nasdaq Crypto Settlement Price Index (NCIS), which was previously named the Nasdaq Crypto US Settlement Price Index (NCIUSS) before a rebranding.
Why Is Litecoin Gaining Institutional Interest?
Since its launch in 2011 by Charlie Lee, Litecoin has established itself as a crypto for faster transactions and lower fees compared to Bitcoin. Institutional interest in Litecoin has steadily risen, with inve…
The post Hashdex Seeks SEC Approval to Add Litecoin to Its Nasdaq Crypto Index US ETF appeared first on Coin Edition.
Read More