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Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include Litecoin (LTC) in its Nasdaq Crypto Index US ETF. If approved, this change would broaden institutional investment opportunities for Litecoin and represent a significant step beyond the current focus on Bitcoin and Ethereum in similar investment products. The Litecoin Foundation shared the filing on X, emphasizing its importance to the LTC community. The ETF tracks the Nasdaq Crypto Settlement Price Index (NCIS), which was previously named the Nasdaq Crypto US Settlement Price Index (NCIUSS) before a rebranding. Since its launch in 2011 by Charlie Lee, Litecoin has established itself as a crypto for faster transactions and lower fees compared to Bitcoin. Institutional interest in Litecoin has steadily risen, with investors recognizing its strong network security, liquidity, and use as a store of value. While Bitcoin and Ethereum have been the primary focus of crypto ETFs, Litecoin’s inclusion in Hashdex’s ETF highlights increasing confidence in the project. Through an ETF structure, Litecoin would become more accessible to traditional investors who prefer the regulated environment of financial products over the complexities of direct cryptocurrency ownership. Related: Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed The Nasdaq Crypto Index US ETF is designed to provide diversified exposure to the cryptocurrency market by tracking a basket of digital assets through the Nasdaq Crypto Settlement Price Index. Its Net Asset Value (NAV) is calculated daily, reflecting the total market value of its assets. Hashdex currently charges a 0.50% annual management fee for the ETF. However, a temporary reduction to 0.25% per annum is in effect until December 31, 2025. The trust also covers operational costs such as brokerage fees, exchange fees, and custody services, while Hashdex handles regulatory and administrative expenses. With Litecoin added to the index, the ETF could attract more investors looking for broader crypto exposure. This move highlights the growing acceptance of altcoins in mainstream financial products. Related: Litecoin ETF Could Beat XRP in ETF Race, Despite Multiple SEC Filings Besides Hashdex’s ETF, other asset managers like Canary Capitals are seeking spot ETFs around Litecoin. Interestingly, Bloomberg analysts have given this product a 90% chance of approval. As of this press time, Litecoin is trading at $90.14, a 2.8% dip in the past day. Its price has been fluctuating in recent weeks as political and economic factors disrupt the market. Notably, the asset has now seen a 32% loss in the past month. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The U.S. Securities and Exchange Commission is considering rolling back a proposed rule that would impose stricter custody requirements for investment advisors handling cryptocurrencies. Acting SEC Chair Mark Uyeda announced the potential reversal during an industry conference in San Diego on Monday, citing concerns over the rule’s broad scope and compliance challenges, according to Reuters reporting . The custody rule, proposed in February 2023 under the Biden administration, would require registered investment advisors to store crypto assets with a qualified custodian while meeting additional safeguards. Uyeda acknowledged that public feedback raised significant objections, prompting the agency to explore alternative approaches. Uyeda also indicated that the SEC is reviewing a separate rule requiring mutual funds and exchange-traded funds to report their portfolio holdings monthly instead of quarterly. The regulation, adopted in August 2023, aimed to enhance transparency, but industry feedback has highlighted concerns — particularly regarding the role of artificial intelligence (AI) in trading strategies. These moves reflect a broader shift in SEC policy under the Trump administration, which has already reversed several crypto-related initiatives introduced under former Chair Gary Gensler . The SEC recently rescinded accounting guidance for crypto firms, dropped enforcement actions against industry players, and established a crypto task force to assess regulatory priorities. With former SEC Commissioner Paul Atkins set to take over as chair, Uyeda’s push for regulatory revisions signals a more industry-friendly stance, particularly toward digital assets and financial institutions wary of stringent compliance demands.

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Russia is stepping up now that Washington has embraced bitcoin. Soon a Russian strategic reserve? It is done, the United States has officially adopted Bitcoin as a reserve currency . Bo Hines, one of the twelve members of the crypto council, stated he wants to “buy as much bitcoin as possible”. There is “no limit” . It seems that the Americans want to act quickly and forcefully to avoid being left behind. Senator Cynthia Lummis has just reintroduced the “Bitcoin Act” in the Senate, proposing to buy 200,000 BTC per year through the sale of gold stocks. A dozen senators have already shown their support. Senator Jim Justice said at the beginning of the week: “We have gone from the horse to the car, then to the plane, and now, we are aiming for Mars. In the world of finance, we need to do the same”. The CEO of the exchange platform Coinbase also shares this view. He stated some time ago at the World Economic Forum: “Bitcoin is a better form of money than gold. It is important for governments to hold bitcoin as a store of value. It may be 1% of their reserves at the start, but I believe that in the end, the share of bitcoin will equal or even exceed that of gold.” Mr. Armstrong believes that the American strategic reserve will lead the rest of the G20 to take an interest. The CEO of Coinbase also revealed this Thursday that the launch of the United States’ strategic bitcoin reserve has sparked increased interest from governments worldwide… In other words, several countries are already trying to outpace the United States. We know that the Czech Republic is considering placing part of its reserves in bitcoin and that several countries have already had this audacity. This is the case for Bhutan, El Salvador, and the United Arab Emirates. Things are also moving in Russia where Duma Deputy Anton Tkachev proposed creating a strategic reserve a few months ago. Vladimir Putin himself praised bitcoin as an alternative to foreign currency reserves. “Why accumulate reserves if they can be lost so easily?”, he declared last December. For the Russian president, bitcoin is a potential solution: “Who can ban bitcoin? No one. Whatever happens to the dollar, these new technologies will develop one way or another […]”. The CEO of Biriver, Igor Runets, Russia’s largest miner, also spoke out on his Telegram account: “A logical question arises: is a strategic reserve of bitcoins possible in Russia? There is no doubt that the Russian financial system would benefit from it”. It was written that the disconnection from SWIFT and the freezing of its reserves would push Russia towards bitcoin. Moreover, Mr. Putin has not made the lifting of these sanctions a prerequisite for making peace with Ukraine. Perhaps he is considering betting on bitcoin now that the United States is all-in? In reality, that is already the case. Reuters reports today that Russian oil companies are already using it to trade with China and India… It is only a matter of time before the entire world uses bitcoin as an international reserve currency and alternative payment system. Don’t miss our article: The United States will erase the debt with Bitcoin .

BlackRock plans to initiate XRP exchange-traded fund (ETF) submissions after Ripple solves its extended litigation with the U.S. Securities and Exchange Commission (SEC). The head of The ETF Store, Nate Geraci expects BlackRock to engage in activity against competing cryptocurrency exchange-traded fund launches based on his expertise. The company can file a Solana ETF proposal whenever BlackRock determines to proceed. Institutional investors currently express increased interest in launching Exchange-Traded Funds that use altcoin assets. The firm operates trillions worth of assets but has only launched Bitcoin and Ethereum crypto ETFs until now. Market experts anticipate that BlackRock will possibly expand its investment approach to encompass alternative digital currencies. Franklin Templeton joined other financial giants by submitting a request to create an XRP ETF under its management of $1.5 trillion assets this past week. The industry has witnessed an important development since previous applicants have mostly operated as small crypto-specialized entities. The intensified institutional support for XRP-based capitalist products indicates increasing market value for XRP financial solutions. The SEC extended its decision making process for various XRP ETF applications that crypto asset manager Grayscale submitted alongside other applicants. SEC has adopted conservativeness as the dominant factor when evaluating cryptocurrency-based ETFs which focus on altcoins. The prolonged wait for review decisions creates uncertainties regarding the estimated time required for authorities to give their approval. BlackRock executives indicate that the release of new cryptocurrency ETFs might extend into the distant future despite the increasing demand for altcoin ETFs. Chief investment officer Samara Cohen from BlackRock announced that the company first needs to focus on its already-launched Bitcoin and Ethereum ETFs. Jay Jacobs from the firm’s thematic and active ETF department stated that their main attention is dedicated to Bitcoin and Ethereum cryptocurrencies. According to Geraci, BlackRock will eventually increase its crypto Exchange-Traded Funds despite its current leadership taking cautious measures. BlackRock could establish XRP and Solana ETFs due to competitive pressure in an evolving market from competitors creating similar funds. Multiple crypto-based ETFs may appear in the market due to rising institutional fascination. 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.