Odaily Planet Daily News reporter Fox Business Eleanor Terrett wrote on the X platform that Litecoin founder Charlie Lee made a statement on Canary Capital's application for a Litecoin ETF: "I am pleased to see Canary Capital apply for a Litecoin ETF. We have indeed seen a lot of institutional demand for Litecoin. This is clear from the daily increase in the Grayscale Litecoin Trust fund, which is more than twice the net asset value. Given that Litecoin is a commodity very similar to BTC, I hope to see the approval of a Litecoin ETF soon."