Dear SEC, I am writing to provide feedback on the potential approval of a Litecoin (LTC) Exchange-Traded Fund (ETF). As a long-time supporter of cryptocurrency innovation and a believer in the importance of transparent and secure financial markets, I would like to highlight several factors that make LTC a strong candidate for an ETF. LTC’s Similarity to Bitcoin (BTC) in Technology and Security: Litecoin shares many technological and structural characteristics with Bitcoin, making it a reliable and familiar asset for investors. Litecoin's blockchain is nearly identical to Bitcoin’s in terms of its underlying architecture, including its proof-of-work consensus mechanism and decentralized nature. This similarity allows LTC to inherit the same level of security and trust that has made Bitcoin the gold standard of cryptocurrencies. Litecoin’s smaller block generation time (2.5 minutes versus Bitcoin's 10 minutes) offers faster transaction confirmations, yet this does not detract from the fundamental blockchain principles that ensure reliability. Track Record and Stability: Since its inception in 2011, Litecoin has proven to be a resilient and stable cryptocurrency, maintaining a prominent position in the market. Its longevity and stability are a testament to the trust that investors and users have in its blockchain technology. Litecoin has also seen consistent integration into various cryptocurrency exchanges and platforms, establishing itself as one of the most widely recognized cryptocurrencies, second only to Bitcoin. Investor Demand for Diversification: A Litecoin ETF would offer investors the opportunity to diversify their portfolios beyond Bitcoin while still gaining exposure to an asset that operates on a similar protocol. Given the close relationship between LTC and BTC, an ETF would allow investors to benefit from Litecoin’s market movements while mitigating risks associated with single-asset exposure. It is important to recognize that Litecoin and Bitcoin often exhibit correlated price movements, and both serve as reliable hedging tools within the cryptocurrency market. Market Maturity and Liquidity: The cryptocurrency market has matured significantly since Litecoin’s inception. The current liquidity and market depth of Litecoin make it suitable for inclusion in an ETF. Litecoin is supported by many exchanges globally, and its widespread availability ensures that a Litecoin ETF would not face liquidity challenges. This would enable the ETF to operate with the same efficiency and ease as Bitcoin ETFs. Support for Innovation and Accessibility: Approving a Litecoin ETF would demonstrate the SEC's commitment to fostering innovation and supporting the growth of the cryptocurrency market. It would provide both institutional and retail investors with greater access to LTC, offering a regulated and secure vehicle to invest in this prominent digital asset. Furthermore, it would encourage broader adoption of blockchain technology, benefiting both the cryptocurrency ecosystem and the traditional financial markets. In conclusion, I strongly urge the SEC to consider the approval of a Litecoin ETF. Given Litecoin’s similar technical foundation to Bitcoin, its robust history, market maturity, and demand for diversified investment products, an LTC ETF would be a natural and sensible addition to the crypto investment landscape. Thank you for your consideration. Sincerely, Adam Royston