CoinShares Launches Physically Backed Litecoin ETP

This is huge. Just more signs that LTC is here to stay. CoinShare’s Litecoin ETP is similar to Grayscale in that it’s a way for institutions to trade Litecoin.
What do you think?

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It is not meant for institutions to trade. It allows asset managers to add Litecoin to client’s portfolios thru client’s brokerage accounts neatly showing up as part of the portfolio / portfolio allocation.

Not your keys, not your litecoins

ETF / ETP are just derivate contracts based on LTC price performance.

Thanks for helping adoption Grayscale, but for me these financial products are the centralisation of crypto. Meh