$LTC

Litecoin ETF Approval Odds Surge to 85% After Canary Capital Lists on DTCC

The odds of a Litecoin ETF (ETF) approval on Polymarket have risen to 85% today, after Canary Capital’s proposed Litecoin spot fund was securely listed on the Depository and Clearing Corporation (DTCC) system.

This marks a major development in the US race for more altcoin ETF approvals. The first, an Ethereum fund, was approved by the US Securities and Exchange Commission (SEC) in May 2024.

Canary Capital’s Litecoin ETF Lists on DTCC

The odds of a Litecoin ETF being approved on Polymarket have increased by 35% since Thursday, to 85% on Friday. This comes after Canary Capital’s application was listed on the DTCC system under the ticker LTCC.

“Canary Capital’s Litecoin ETF Lists on the Depository and Clearing Corporation System under the ticker LTCC! “DTCC is an essential part of the global financial markets and processes trillions of dollars in securities transactions every day,” the Litecoin Foundation shared on Twitter.