Can Nasdaq Turn Litecoin into a Stock Market Darling?
Published Date: 5/29/2025
Notice
Summary
The SEC is deciding whether to approve Nasdaq’s plan to list and trade shares of the CoinShares Litecoin ETF, a new fund tied to the cryptocurrency Litecoin. This affects investors who want an easy way to buy Litecoin through the stock market. The decision will be made by May 26, 2025, and could open up fresh trading opportunities and money moves in crypto investing.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
SEC Review Could Enable Litecoin ETF
The Securities and Exchange Commission has instituted proceedings to decide whether to approve or disapprove Nasdaq’s proposal to list the CoinShares Litecoin ETF, with the Commission designated to act by May 26, 2025. This proceeding directly affects investors who want an easy way to buy Litecoin through the stock market because approval would permit the ETF to be listed and traded on Nasdaq.
ETF Structure: Litecoin Holdings and Redemptions
The proposed CoinShares Litecoin ETF would seek to have its Shares reflect the value of Litecoin (LTC) as represented by the Compass Crypto Reference Index Litecoin—4 p.m. NY Time, less the Trust's liabilities and expenses. The Trust would hold only LTC and cash, value its Shares daily based on that Index, and conduct sales or redemptions in cash transactions with authorized participants in blocks of 5,000 Shares.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
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Previous / Next Documents
Previous: 2025-09627, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Various Provisions of Exchange Rule 14.11
The Cboe BZX Exchange wants to change some rules for Market Makers who trade certain derivative securities. The SEC is taking extra time, now until July 16, 2025, to review these changes carefully before deciding. This affects traders on the exchange and could impact how they operate, but no money changes are announced yet.
Next: 2025-09629, Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the CoinShares XRP ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
The SEC is deciding whether to approve Nasdaq’s plan to list and trade shares of the CoinShares XRP ETF, a fund tied to the cryptocurrency XRP. This affects investors interested in crypto ETFs and could open new trading options on Nasdaq. The SEC will make a decision by May 26, 2025, which could impact how and when these shares become available to the public.