Litecoin (CRYPTO: LTC) exchange-traded commodity (ETC) will quickly be traded on Deutsche Boerse’s Xetra German inventory trade.
The product will probably be a central counterparty cleared ETP with a administration payment of two% per yr marketed and distributed by impartial ETF funding platform HANetf.
“Litecoin has grown by 342% prior to now 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with rising curiosity from institutional and retail buyers,” ETC Group CEO Bradley Duke commented.
In line with CoinMarketCap data, Litecoin reacted with vital volatility to the information. Inside 24 hours, after touching $246.48, it rose by 4.7% to $258.07, then falling by practically 6.6% to $241.1.
At press time, Litecoin was traded at $244.56.
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