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The SEC Seeks Public Comment on Grayscale Litecoin Trust's Proposal to Convert to an ETF

BlockBeats News, February 7th, according to The Block, the SEC is seeking public opinion on a proposal to convert the Grayscale Litecoin Trust into an exchange-traded product. In a filing submitted on Thursday, the U.S. Securities and Exchange Commission, on behalf of Grayscale, accepted an application from the New York Stock Exchange Arca and requested that these comments be submitted within 21 days after publication in the Federal Register. The agency can decide to approve, reject, or "institute a lawsuit."

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