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SYDNEY, 28 January, 2025 – Monochrome Asset Management has lodged a draft application for its third spot crypto-asset exchange-traded fund (ETF), the Monochrome Litecoin ETF (Ticker: LTCC), on Cboe Australia.* Subject to exchange and regulator approval, the launch of LTCC will add to the firm's growing suite of ETFs, designed to provide investors with direct access to key digital assets under a licensed framework.
LTCC will expand Monochrome's ETF offering, which already includes the Monochrome Bitcoin ETF (IBTC) and the 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 one of the earliest alternatives to Bitcoin. Built to improve transaction speed and efficiency, Litecoin reduces block generation time to 2.5 minutes compared to Bitcoin’s 10 minutes. Its focus on cost-effective and practical usability for everyday transactions has established Litecoin as a prominent digital asset while upholding the principles of decentralisation and security.
For more information, please visit monochrome.au or contact info@monochrome.co.
*The Monochrome Litecoin ETF (LTCC) is subject to exchange and regulator approval.
Monochrome Asset Management
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