Eleanor Terrett, one of the journalists of the cryptocurrency world who has become especially popular recently, said in her statement that corporate companies have started to show interest in Litecoin ETF.
However, it is stated that the reason for this interest is that Litecoin is similar to Bitcoin in features and therefore the SEC is likely to approve these ETFs. Terrett shared in his statement that the approval probability of these ETFs may be even higher than Ethereum ETFs.
Recently, the CFTC described Ethereum and Litecoin as commodities in the lawsuit it filed against the cryptocurrency exchange Kucoin, and Litecoin became a ray of hope for ETFs.
Last week, Coinbase Derivatives announced plans to launch CFTC-approved futures contracts for Dogecoin, Litecoin, and Bitcoin Cash on April 1 (next Monday).
*This is not investment advice.