Monochrome Litecoin ETF Application Filed in Australia
Monochrome Asset Management has submitted a draft application for its third spot crypto-asset exchange-traded fund (ETF), the Monochrome Litecoin ETF (LTCC), to Cboe Australia.
| Key Takeaways: – Monochrome Asset Management has applied to Cboe Australia for its third spot crypto ETF, the Monochrome Litecoin ETF. – The fund will join Monochrome’s existing Bitcoin (IBTC) and Ethereum (IETH) ETFs, offering regulated access to Litecoin. |
Pending regulatory and exchange approval, the Monochrome Litecoin ETF will join the firm’s existing ETF lineup, which includes the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH).
The Monochrome Litecoin ETF aims to offer investors regulated access to Litecoin, one of the prominent digital assets.
Litecoin, a digital currency launched on October 13, 2011, was created by Charlie Lee, a former Google engineer and later Director of Engineering at Coinbase. Designed as an alternative to Bitcoin, Litecoin remains one of the most widely recognized cryptocurrencies in the market.
The introduction of the Monochrome Litecoin ETF underscores the growing interest in crypto-asset ETFs in Australia and worldwide. Since the approval of spot Bitcoin ETFs in the United States in January 2024, jurisdictions such as Hong Kong and the United Kingdom have also begun advancing similar products. Despite global developments, U.S. spot Bitcoin ETFs have dominated market attention.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
