Litecoin (CRYPTO: LTC) exchange-traded commodity (ETC) will quickly be traded on Deutsche Boerse’s Xetra German inventory trade.
The product will probably be a central counterparty cleared ETP with a administration charge of two% per 12 months marketed and distributed by unbiased ETF funding platform HANetf.
“Litecoin has grown by 342% prior to now 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with rising curiosity from institutional and retail buyers,” ETC Group CEO Bradley Duke commented.
In response to CoinMarketCap data, Litecoin reacted with important 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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