Subject: File No. SR-NASDAQ-2025-005
From: Christopher Brown

1. **Longstanding Stability**: Litecoin has been in existence since 2011, demonstrating over a decade of consistent performance. Its established track record provides a strong foundation for investor confidence in an ETF. 2. **Resilient Performance**: Throughout its history, Litecoin has remained resilient, never experiencing the drastic downturns seen with other digital assets. This stability makes it an attractive asset for inclusion in an ETF. 3. **High Usage**: Litecoin is one of the most widely used cryptocurrencies, consistently ranking among the top in terms of transaction volume and market adoption. Its widespread use further supports its suitability for an ETF. 4. **Proven Track Record**: With more than 10 years of operation and continuous development, Litecoin has earned its place as one of the most trusted and utilized cryptocurrencies in the market. 5. **Low Risk, High Trust**: Given its long history of stability and broad adoption, Litecoin presents lower risks compared to newer, less proven digital assets, making it an ideal candidate for a regulated ETF.