the other a trust? what is the difference?
For an ETF you need some institution to apply for it and the SEC to give the green light
Can't be the only difference. What is the reason then that one has to be aproved and the other not?
Grayscale does it in 4 steps 1. Private Placement 2. public quotation on secondary market 3. Become SEC reporting 4. Convert into ETF
Now I don't know all of the exact details but LTC next step is the ETF
Back to square one then. Why would they need to hold the same value of ltc that they sell in ltcn? Because that is what peopple here are whining about.
Haven’t even heard talk about a Litecoin ETF..
Check pinned messages for Futures which is CFTC regulated
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