Grayscale files to convert Litecoin Trust into NYSE Arca ETF
- —Grayscale filed an S-3/A with the SEC to convert Litecoin Trust into an ETF on NYSE Arca under the ticker LTCN
- —LTC addresses holding $1–10 million and over $10 million fell to lows last seen at the 2022 bottom
- —LTC trades at $53.58, with daily volume of $214.5 million and a 7-day gain of 0.60%
Why it matters: ETF approval would give institutions regulated access to LTC, but the shrinking number of large holders signals weak demand.
Source: Blockonomi