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The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by NYSE Arca, Inc. This rule change involves listing and trading shares of the Grayscale Litecoin Trust under NYSE Arca Rule 8.201-E, which concerns Commodity-Based Trust Shares. Although typically the SEC has a 45-day period to approve or disapprove such proposals, they have decided to extend this period to ensure thorough consideration of the issues involved. The new deadline for the SEC's decision is set for May 13, 2025.

NYSE Arca, Inc. has proposed a rule change to allow for the listing and trading of shares of the Grayscale Litecoin Trust under its new rule, 8.201-E, which covers Commodity-Based Trust Shares. This proposal aims to turn the Grayscale Litecoin Trust into an exchange-traded product, making it easier for investors to gain exposure to Litecoin (LTC) on a regulated exchange. The Trust currently holds about $215.4 million worth of LTC and is the largest LTC investment fund, which allows investors to engage without directly purchasing the cryptocurrency. The Securities and Exchange Commission is soliciting public feedback on the proposed rule change.