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

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

The chances of approval for the Litecoin Exchange-Traded Fund (ETF) at Polymarket have reached 85% today, following the secure listing of the proposed immediate 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 digital currency exchange-traded funds. The first fund, an Ethereum fund, was approved by the U.S. Securities and Exchange Commission (SEC) in May 2024.