SEC Seeks Public Comments on Proposal to Convert Grayscale Litecoin Trust into ETF

Odaily News The U.S. Securities and Exchange Commission (SEC) is seeking public comments on its proposal to convert the Grayscale Litecoin Trust into an exchange-traded product. In a filing Thursday, the SEC accepted the application submitted by NYSE Arca on behalf of Grayscale and asked that the comments be submitted within 21 days of publication in the Federal Register. The agency can decide to approve, disapprove or "prosecute."