Monochrome Asset Management has filed a draft application for its third crypto-asset exchange-traded fund (ETF), the Monochrome Litecoin ETF (ticker: LTCC), on Cboe Australia. Subject to exchange and regulatory approval, the launch of LTCC will join the firm’s growing suite of ETFs designed to provide investors with direct access to key digital assets under a licensed structure.
LTCC will expand Monochrome’s ETF offering, which already includes the Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH). This addition reinforces Monochrome’s focus on delivering regulated ETF products holding eligible crypto assets for the Australian market.
Litecoin was introduced in 2011 by former Google engineer Charlie Lee as an early alternative to Bitcoin. Designed to improve transaction speed and efficiency, Litecoin reduces block generation times to 2.5 minutes compared to Bitcoin’s 10 minutes. Due to its cost-effectiveness and practical usability in everyday transactions, Litecoin has become an outstanding digital asset that supports the principles of decentralization and security.
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