{"id":40237,"date":"2021-04-06T13:05:26","date_gmt":"2021-04-06T10:05:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40237"},"modified":"2025-08-30T13:15:57","modified_gmt":"2025-08-30T10:15:57","slug":"coinshares-to-launch-litecoin-based-etp","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinshares-to-launch-litecoin-based-etp\/","title":{"rendered":"CoinShares to Launch Litecoin-based ETP"},"content":{"rendered":"

The digital asset management company CoinShares announced the launch of an exchange-traded product (ETP) based on Litecoin (LTC) with physical cryptocurrency backing, according to the firm’s press release.<\/p>\n

Each share of CoinShares Physical Litecoin (LITE) upon issue will be backed by 0.2 LTC. It will trade on the SIX Swiss Exchange under the ticker LITE and carry a base fee of 1.5%.<\/p>\n

\n

“We are seeing investor interest not only in Bitcoin and Ethereum, but also Litecoin. LITE is the next step on the path to bringing to market a more complex and diversified ETP offering,” said Townsend Lansing, head of the development department.<\/p>\n<\/blockquote>\n

LITE will be the company’s third cryptocurrency ETP.<\/p>\n

In January 2021 CoinShares released<\/a> the first such product based on Bitcoin. The instrument received the ticker BITC.<\/p>\n

Subsequently the company launched<\/a> the Ethereum-ETP. It also appeared on the SIX Swiss Exchange listing.<\/p>\n

Earlier, CoinShares and 3iQ Corp announced the launch of a Bitcoin ETF<\/a> in Canada. The companies are awaiting regulatory approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

The digital asset management company CoinShares announced the launch of an exchange-traded product (ETP) based on Litecoin (LTC) with physical cryptocurrency backing, according to the firm’s press release.<\/p>\n","protected":false},"author":1,"featured_media":40238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,209,1211],"class_list":["post-40237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-litecoin","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40237"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40237\/revisions"}],"predecessor-version":[{"id":40239,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40237\/revisions\/40239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40238"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}