The case for Litecoin as one of the next approved Crypto ETFs in the US

We've had the Gold ETF... then the Silver. We've had the Bitcoin ETF... we will have the Litecoin ETF.

Gensler has appeared on the CNBC news conceding that Bitcoin is a community and that ultimately the this and the Greyscale court case lead to the approval of the ETF (ETP).

Here's the bull case for Litecoin.

From Coinbase to PayPal Litecoin has always been hot on the tails of adoption by major institutions.

As a Bitcoin fork Litecoin is one of the cryptos closest in nature to Bitcoin and therefore there should be no arguments it's also a commodity too. One of bitcoins criticisms is that Satoshi Nakamoto (Bitcoins founder) owns a major chunk of the Bitcoin supply. This isn't the case for Litecoin. One of Genslers major criticism of Bitcoin is there is not being used for payments. Again this isn't the case for Litecoin as it surpasses Bitcoin for the most commonly used crypto for payments/ despite its smaller market cap.

Greyscale who pushed for the BTC ETF is also bullish Litecoin. In a recent interview their investment CEO suggested they would be pursuing ETFs for the other holdings they have which include Litecoin.The Grayscale Litecoin Trust has almost $110m LTC under management and is one of their top 5 largest crypto trusts.

Launched just 2 years 9months after Bitcoin in 2011 Litecoin is one of the longest established cryptocurrencies. Although their were others LTC has been commonly referred to as the first/ most well established "Altcoin" to Bitcoin. Its the second oldest name on Greyscales books also with the likes of ETH launched in 2015 and BCH as a BTC project fork in 2017.

Litecoins price appreciation has lagged behind some of the other top 20 crypto's by market cap over recent years but when it comes to longevity it's outperformed and going on current regulatory security/ adoption by institutions it's family relationship with Bitcoin will do it no harm.. it fact it's quite possible it is it's most undervalued strength.