#MarketSentimentWatch

The chances of approval for the Litecoin fund on Polymarket increased by 35% since Thursday, reaching 85% on Friday. This comes after the Canary Capital application was registered in the DTCC system under the code LTCC.

"The Canary Capital Litecoin fund has been registered in the Depository Trust & Clearing Corporation (DTCC) system under the code LTCC! DTCC is a key part of 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 stand at 85% today, following the secure registration of the proposed instant Litecoin fund by 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.