Feb. 4, 2025
Hello, SEC official. As an avid supporter of Litecoin, I ask for the approval of the Litecoin Exchange Traded Fund (ETF). Litecoin ETFs will benefit both investors and markets greatly for the following reasons. Better Transparency: Litecoin ETFs will greatly enhance the transparency of the crypto market. Like the stock market, ETFs disclose daily price fluctuations and trading volumes, allowing investors to make investment decisions based on more accurate information. Improved access to investment: Litecoin ETFs will expand the base of the cryptocurrency market by providing crypto investment opportunities to ordinary investors. It is expected to have the effect of lowering barriers to entry into the cryptocurrency market, especially for investors who are accustomed to investing in existing stocks or bonds. Strengthen Market Stability: Litecoin ETFs will serve to strengthen the stability of the cryptocurrency market. The participation of large institutional investors in the cryptocurrency market through ETFs will reduce market volatility and create a more stable investment environment. Regulatory Compliance: Litecoin ETFs will comply with the SEC's strict regulations, increasing the reliability of the cryptocurrency market. ETFs regulated by the SEC will contribute to investor protection and sound development of the market. Facilitating Technological Advancement: Litecoin ETFs will serve to promote Litecoin's technological advancements. Litecoin's performance and security will be further enhanced as the ETF's funds will be used to develop Litecoin and build infrastructure. For the above reasons, I am confident that the Litecoin ETF will be of great help to the development of the cryptocurrency market and to protect investors. Therefore, I sincerely ask the SEC to approve the Litecoin ETF. Thank you. It was written by Park Kyung-hoon who lives in Korea.