NYSE has submitted the 19b-4 filing for the Grayscale LTC ETF

BlockBeats News, February 5th, Litecoin's official Twitter account announced that NYSE has now submitted a 19b-4 filing to the U.S. SEC for Grayscale's Litecoin ETF, seeking to convert its Litecoin (LTC) Trust into a spot ETF.

BlockBeats Note: A 19b-4 filing refers to a rule change proposal submitted to the U.S. Securities and Exchange Commission (SEC), usually by an exchange (such as NYSE or Nasdaq), to list new financial products (such as ETFs).

If approved by the SEC, this ETF will allow investors to more conveniently invest in Litecoin in the traditional securities market without directly holding LTC.