Litecoin ETF Approval Odds Surge as Key Listing Boosts Optimism
22.02.2025 9:00 1 min. read Alexander Stefanov SHARE: 0 SHARES Canary Capital’s proposed Litecoin ETF has taken a step forward, with its listing on the Depository Trust and Clearing Corporation (DTCC) significantly boosting expectations for approval. Polymarket now places the odds at 85%, reflecting a sharp increase in optimism. The DTCC listing, under the ticker LTCC, signals preparations for potential trading, though it does not guarantee regulatory approval. The Litecoin Foundation acknowledged this as a key milestone but emphasized that the final decision lies with the U.S. Securities and Exchange Commission (SEC). Analysts have echoed this caution, noting that while the listing is a technical step forward, it does not confirm readiness for trading. Canary Capital initially filed for a Litecoin ETF in late 2024, joining a wave of firms aiming to launch similar products. The SEC formally acknowledged the application weeks ago, opening it for public review. Meanwhile, institutions like Grayscale and CoinShares are also pursuing Litecoin-based funds, and Nasdaq has filed proposals to list such products. Some analysts believe Litecoin’s close ties to Bitcoin and its classification as a commodity could strengthen its case for approval. However, regulatory uncertainty remains, as the SEC’s approval process is known for its strict investor protection measures. While the Polymarket odds reflect growing confidence, the SEC’s final verdict will determine whether Litecoin ETFs become a reality. SHARE: 0 SHARES More Altcoins News 5 U.S. Cryptos to Watch as February Comes to a Close As February draws to a close, five U.S.-based cryptocurrencies—Story (IP), Ondo Finance (ONDO), OFFICIAL TRUMP (TRUMP), Solana (SOL), and Uniswap (UNI)—are attracting market attention. 24.02.2025 11:00 2 min. read Alexander Zdravkov CryptoQuant’s CEO Explores Memecoins as Products of Collective Human Beliefs Ki Young Ju, CEO of CryptoQuant, recently shared an intriguing perspective on memecoins, linking them to Carl Jung’s theory of the “collective unconscious.” 24.02.2025 9:00 1 min. read Alexander Stefanov Here’s How Much Altcoins Could Drop Before a Potential Recovery Widely followed crypto analyst Benjamin Cowen predicts that altcoins are set for a major downturn in the third quarter of 2025. 23.02.2025 20:00 2 min. read Alexander Stefanov Dogecoin Aims for Worldwide Adoption with New Strategic Partnerships Timothy Stebbing, director of the Dogecoin Foundation, recently shared exciting insights into the plans for expanding Dogecoin’s global adoption. 23.02.2025 18:00 2 min. read Alexander Zdravkov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: