Litecoin (LTC) ETFs Hold About $14 Million After September Inflows

LTC exchange-traded funds had about $14 million in net assets after a late-September inflow run, while LTC rose about 5% on Oct. 20 and futures open interest recovered.

Fund assets stayed within a $5 million to $7 million range for several months before inflows arrived on nearly every day in late September. Assets reached about $15 million at the peak of that run, and the largest daily inflow came close to $1.4 million. The total later declined to roughly $14 million, about twice summer levels.

After several flat days, Canary’s Litecoin ETF (LTCC) recorded $581,140 in inflows on Oct. 19.

LTC was $61.35 on Oct. 21. That price was below its late-September high near $75 but above the mid-October dip to $57.

Futures open interest fell to about $213 million on Oct. 18 before recovering to $229 million. Funding was positive at 0.0058%.

Grayscale is pursuing a conversion of its existing Litecoin Trust into an exchange-traded fund, but the conversion is incomplete. TokenPost previously covered Grayscale’s proposed conversion and listing.