Digital asset administration firm CoinShares has introduced the launch of a Litecoin (LTC) exchange-traded product (ETP) with bodily collateral. That is reported within the press release of the corporate.
Every share of CoinShares Bodily Litecoin (LTC) is supplied with 0.2 LTC upon launch. Will probably be traded on the biggest Swiss inventory exchange, SIX Swiss Exchange, beneath the ticker LITE and have a base fee of 1.5%.
“We’re seeing curiosity from traders not solely in BITCOIN and Ethereum, but in addition Litecoin. And LITE is the following step in direction of bringing a extra complete and diversified ETP providing to the MARKET,” mentioned Townsend Lansing, head of Improvement.
LITE would be the firm’s third cryptocurrency ETP.
- Product Title: CoinShares Bodily Litecoin
- ISIN: GB00BLD4ZP54
- Ticker: LITE
- Base Forex: USD
CoinShares is Europe’s largest digital asset funding home, managing billions of property on behalf of a worldwide consumer base. CoinShares’ investment merchandise present publicity to Bitcoin (BTC), Ethereum (ETH), and now, Litecoin (LTC) and can be found to eligible institutional and particular person traders all through Europe.
In January 2021, CoinShares launched the primary such bitcoin-based product. The device obtained the ticker BITC.
Subsequent, the corporate launched Ethereum-ETP. It was additionally listed on the Swiss exchange.
Recall that CoinShares and 3iQ Corp introduced the launch of a Bitcoin ETF in Canada. The businesses at the moment are awaiting regulatory approval.