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Monochrome Litecoin ETF Seeks Approval to Launch on Cboe Australia

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Monochrome Litecoin ETF Seeks Approval to Launch on Cboe Australia

Key Points:

  • Monochrome Asset Management has applied to launch its third crypto ETF, the Monochrome Litecoin ETF (LTCC), on Cboe Australia.
  • The firm already manages the Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH).

Monochrome Asset Management has submitted a draft application to introduce its third cryptocurrency-based exchange-traded fund (ETF) on Cboe Australia.

Read more: Australia’s ASX Approves VanEck Bitcoin ETF Amid Market Enthusiasm   

Monochrome Litecoin ETF Proposes to Launch on Cboe Australia

The proposed Monochrome Litecoin ETF (LTCC) is designed to provide regulated access to Litecoin, a peer-to-peer digital currency with low transaction fees and high security.

If approved by regulators and the exchange, the Monochrome Litecoin ETF will expand Monochrome’s growing portfolio, which already includes the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH). The addition of Litecoin further diversifies Monochrome’s offerings, catering to the rising demand for regulated crypto investment products in Australia.

Litecoin, a cryptocurrency built on an open-source blockchain under the MIT/X11 license, is often considered a fork of Bitcoin. It is known for its near-instant payment capabilities and minimal transaction costs, offering users robust control over their finances with enhanced network security.

Monochrome Expands Portfolio with Crypto-Based ETFs

Monochrome Asset Management has steadily gained prominence in the crypto investment space since its launch in June 2024, when it introduced the Monochrome Bitcoin ETF. In October 2024, the firm marked another milestone by listing Australia’s first Ethereum Spot ETF, the Monochrome Ethereum ETF, on the Cboe Australia exchange.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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John Kojo Kumi

28 January 2025, 04:15:00 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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