May 6, 2025
Dear Securities and Exchange Commission, I, Puvan, respectfully submit this comment in strong support of the Canary Litecoin ETF (File Number: SR-NASDAQ-2025-005) and kindly request its approval. Litecoin (LTC) has distinguished itself as a remarkably stable cryptocurrency since its 2011 launch, maintaining a $6.6 billion market capitalization with no significant declines or network downtime. Unlike Bitcoin, which is hindered by high fees and slower transactions, Litecoin offers rapid transaction speeds and low costs, making it a preferred choice for investors and traders. Personally, I have shifted away from using stablecoins for cryptocurrency purchases, favoring Litecoin for swaps due to its unmatched speed, reliability, and consistent uptime. Litecoin’s supply, free from creator control, ensures transparency and protects against price manipulation. The proposed ETF would provide a regulated, secure avenue for investors to access Litecoin through brokerage accounts, aligning with the SEC’s standards for investor protection and market integrity. The 15% price surge following the ETF filing underscores significant public demand. In light of the delay announced on May 5, 2025, I respectfully urge the SEC to consider Litecoin’s proven reliability and the ETF’s robust framework. Approval by June 17, 2025, would greatly benefit investors seeking trusted, innovative investment options. Thank you for your thoughtful consideration. Sincerely, Puvan