Home Litecoin Litecoin (LTC) Exchange-Traded Commodity To Be Launched On German Stock Exchange, Coin Price Reacts Negatively

Litecoin (LTC) Exchange-Traded Commodity To Be Launched On German Stock Exchange, Coin Price Reacts Negatively

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Litecoin (CRYPTO: LTC) exchange-traded commodity (ETC) will quickly be traded on Deutsche Boerse’s Xetra German inventory change.

What Occurred: In line with Coindesk, London-based crypto asset supervisor ETC Group plans to launch its Litecoin ETC on Xetra on April 14.

The product will probably be a central counterparty cleared ETP with a administration payment of two% per 12 months marketed and distributed by unbiased ETF funding platform HANetf. 

“Litecoin has grown by 342% up to now 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with rising curiosity from institutional and retail traders,” 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 almost 6.6% to $241.1. 

At press time, Litecoin was traded at $244.56.


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