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

"The Litecoin fund from Canary Capital has been listed in the Depository Trust & Clearing Corporation (DTCC) system under the symbol LTCC! The DTCC is a critical part of the global financial markets, processing trillions of dollars in securities transactions every day," shared the Litecoin Foundation on X (Twitter).

The likelihood of approval for the Litecoin Exchange-Traded Fund (ETF) on Polymarket is at 85% today, following the secure listing of the proposed instant Litecoin fund from Canary Capital in the Depository Trust & Clearing Corporation (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.