Subject: File No. SR-NASDAQ-2025-005
From: Tanner Pomeroy

Unlike many newer or more volatile assets, Litecoin has been running since 2011 with no major security breaches. Its faster transaction speeds and lower fees make it practical for real-world use, and its adoption of key innovations like SegWit and the Lightning Network show its commitment to long-term scalability. Approving a Litecoin ETF would give investors access to a well-established, efficient digital asset within a regulated framework, reducing risks compared to less-proven alternatives.