NYSE files application with SEC to convert Grayscale Litecoin Trust into spot ETF

TechFlow reported, according to documents disclosed by Solid Intel, the New York Stock Exchange (NYSE) has submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), proposing to convert the Grayscale Litecoin Trust into a spot Litecoin ETF.

The application is part of a proposed rule change that requires review by the SEC and will be open for public comment. If approved, this would become the third major cryptocurrency spot ETF, following Bitcoin and Ethereum ETFs.