Big news for Litecoin (LTC), a type of cryptocurrency! A company called Canary Capital wants to create a special Litecoin fund, kind of like a stock fund, called an ETF. This would make it easier for people to buy and sell Litecoin.
The fund is getting ready, but it still needs permission from the U.S. government (the SEC).
If approved, it could be the first Litecoin fund in the U.S., opening the door for other crypto funds too!
- Canary Capital applied to create a Litecoin ETF.
- It's getting ready to launch, but needs government approval.
- An expert thinks there's a 90% chance it will be approved.
- Litecoin's price went up after this news!
| Fact | Number/Prediction |
|---|---|
| Litecoin price change in 24 hours | Up 4% |
| Expert's approval chance | 90% |
| Litecoin market cap increase (Feb 2-19) | 46% |
| Litecoin daily transaction volume | $9.6 billion |
