#OnChainInsights

The likelihood of approval for the Litecoin fund on Polymarket has increased by 35% since Thursday, reaching 85% on Friday. This comes after Canary Capital's application was listed in the DTCC system under the symbol LTCC.

"The Litecoin fund from Canary Capital has been listed in the depository and clearing company's system under the symbol LTCC! DTCC is a crucial part of the global financial markets and processes trillions of dollars in securities transactions every day," the Litecoin Foundation shared on X (Twitter).

The chances of approval for the Litecoin Exchange-Traded Fund (ETF) on Polymarket reach 85% today, following the secure listing of the proposed spot Litecoin fund from Canary Capital in the depository and clearing company (DTCC) system.

This represents a significant development in the U.S. race for more approvals of alternative cryptocurrency exchange-traded funds. The first fund, an Ethereum fund, was approved by the U.S. Securities and Exchange Commission (SEC) in May 2024.