The chance of a Litecoin ETF receiving approval this yr has reached 85%, in response to the prediction platform, Polymarket. As exchange-traded funds (ETFs) acquire traction within the U.S. monetary markets, the hypothesis across the Litecoin ETF approval has intensified.
Polymarket’s Litecoin ETF Approval Odds
Polymarket outlines that this prediction will resolve to ‘Sure’ if a spot Litecoin ETF beneficial properties approval from the SEC by December 31, 2025, at 11:59 PM ET. Approval beneath Rule 19-4b will rely as a “Sure” decision, even with out an S-1 approval, whereas an S-1 approval and not using a 19-4b approval can even resolve the prediction in favor of ‘Sure.’
The crypto neighborhood is carefully following the potential for a Litecoin ETF to be authorised, with renewed speculations following feedback from Bloomberg Intelligence’s senior ETF analyst Eric Balchunas.
Doesnt imply it’s authorised or prepared to start out buying and selling, nevertheless it does present the issuer is making preparations for when it’s. We nonetheless at 90% odds. $LTCC https://t.co/ugQgsO9fIB
— Eric Balchunas (@EricBalchunas) February 21, 2025
He just lately famous that the Canary Litecoin Spot ETF had been listed on the DTCC web site, a key growth that alerts readiness for buying and selling, regardless that it doesn’t point out formal approval. Balchunas additionally raised his chance of approval to 90%.
On the identical time, Litecoin’s market cap stands at $10.11 billion, at present ranked 18th within the cryptocurrency house, with a 2.4% change within the final 24 hours, in response to CoinGecko knowledge. On the DTCC web site, the Canary Litecoin Spot ETF seems beneath the ticker code LTCC, with the creation/redemption column marked ‘D.’ Whereas this doesn’t essentially verify regulatory approval or a remaining approval final result, itemizing on the DTCC web site is a part of the usual process for launching new ETFs.
Additionally Learn: Litecoin (LTC) Targets $200 on 90% ETF Approval Odds
