The probability of a Litecoin (LTC) Spot ETF gaining regulatory approval has surged to 90%, according to Eric Balchunas, a senior ETF analyst at Bloomberg News.
On February 21, Balchunas responded to reports that the Canary Litecoin Spot ETF had been listed on the DTCC (Depository Trust & Clearing Corporation) official website under the ticker LTCC. While this listing does not guarantee approval or immediate trading, Balchunas noted that the ETF issuer is actively preparing for trading.
DTCC Listing Signals Institutional Readiness
The DTCC listing is often a precursor to an ETF launch, as it signifies that clearing and settlement infrastructure is in place. The creation/redemption status marked as "D" on the DTCC site suggests that preparations for trading are progressing.
BlockBeats previously reported the DTCC listing, further fueling speculation that a Litecoin Spot ETF could soon join the growing list of crypto investment products.
