Grayscale, one of the largest Cryptoasset asset management companies, has filed with the SEC to register a Litecoin and Solana ETF. The company has also filed for registration of other Crypto.com-related ETFs.

Grayscale Continues ETF Race

Compared to other Cryptocurrencies, the race to create a Litecoin ETF has received less attention. Canary Capital, based in Nashville, was the first to file in October, but few other companies have followed suit.

The SEC has given more signals that they may approve a Litecoin ETF, and Nasdaq has filed to list one if approved. Today, Grayscale has become the second company to file for a Litecoin ETF registration.

Although the price of Litecoin has recently surged due to ETF rumors, Grayscale's filing has not seen much change. This price increase quickly subsided after the ETF approval was not granted, and the market may be hesitant to nurture hope again.

However, there may be other reasons why the Litecoin market has not seen any notable movements. For example, this network has very few upgrades and technical advancements compared to other Blockchains.

Meanwhile, Grayscale has also filed for registration of several other ETF products, including a Solana ETF. According to a thread compiled by Bloomberg analyst James Seyffart, Grayscale is creating a product based on the combined position of the Ethereum Trust and Mini Trust, as well as a novel idea.

Seyffart stated:

Grayscale has filed to establish a "Bitcoin Adopters ETF". Here are the details on the strategy: this will be an ETF that holds stocks of companies that hold Bitcoin on their corporate treasuries.

In summary, Grayscale prioritized filing for a Litecoin product, but also filed for three other ETF products on the same day.

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