Odaily News Fox Business reporter Eleanor Terrett posted on the X platform that Litecoin founder Charlie Lee made a statement on Canary Capital's application for a Litecoin ETF, saying: "I am very happy to see Canary Capital apply for a Litecoin ETF. We do see a lot of institutional demand for Litecoin. This is clearly seen in the daily growth of the Grayscale Litecoin Trust Fund, which is priced at more than twice the net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see the Litecoin ETF approved soon."