#Litecoin fund approval chances on Polymarket. ($)
35% since Thursday, reaching 85% on Friday. This comes after Canary Capital’s order was listed on the DTCC system under the symbol LTCC.
“Canary Capital’s Litecoin Fund has been listed on the Depository and Clearing Corporation (DTCC) system under the symbol LTCC! DTCC is a core part of the global financial markets and processes trillions of dollars in securities transactions every day,” the Litecoin Foundation shared on Twitter.
The odds of a Litecoin ETF being approved on Polymarket have reached 85% today, after Canary Capital's proposed Litecoin spot fund was securely listed on the Depository and Clearing Corporation (DTCC) system.
This represents a major development in the US race to approve more alternative cryptocurrency exchange-traded funds. The first fund, an Ethereum fund, was approved by the US Securities and Exchange Commission (SEC) in May 2024.