Okay, stop everything! Litecoin ETF approval probabilities are soaring—up to a whopping 85% today! All thanks to Canary Capital’s magical listing on the Depository Trust and Clearing Corporation (DTCC) rollercoaster. 🎢
Who knew altcoin ETF approvals could be this thrilling? May 2024 marked the beginning of the Ethereum ETF saga, and now we have this gem bouncing into the spotlight!
🥳 Canary Capital’s Litecoin ETF Makes its Grand Entrance on DTCC
So, picture this: Litecoin ETF approval odds shoot up by 35% since Thursday, and suddenly it’s all glitter and glamour on the Polymarket scene. That’s right, folks, it’s 85% on Friday after the magical listing of Canary Capital’s application under the oh-so-catchy ticker LTCC! 💃
“Canary Capital Litecoin ETF has been blessed by the mighty DTCC gods! This bad boy is now on their system, and the DTCC handles trillions of dollars a day—so, no pressure!” the Litecoin Foundation exclaimed on X (Twitter). 🦸♀️
The Litecoin Foundation isn’t just throwing confetti for no reason; they say this is a crucial warm-up act for the fund’s potential debut. Of course, this is all flowers and sunshine until we hear back from the US SEC, who, let’s face it, love to keep us on the edge of our seats.
“Just because it’s listed doesn’t mean we’re popping champagne yet, but hey, the issuer is definitely in full prep mode. We’re still at 90% odds!” wrote ETF analyst Eric Balchunas. 🥂
In an exciting twist, the DTCC listing comes just three weeks after the SEC decided to acknowledge Canary Capital’s glittery Litecoin ETF application. Talk about getting serious—it’s like showing up to a fancy gala in sweatpants! 💁♂️
Canary Capital dropped its ETF application back in October 2024, trying to be the trendsetter in this wild rollercoaster of a market. They’re not alone, as big names like Grayscale and CoinShares are also looking to stake their claim in the Litecoin lovelight.
And get this—Nasdaq recently filed fancy 19b-4 forms with the SEC to list and trade two ETPs from CoinShares, featuring our shiny Litecoin ETF. Cue the applause for growing institutional interest! 👏
Analysts are all whispering sweet nothings about Litecoin’s approval chances. With its status as a Bitcoin ‘offspring’ and a shiny commodity status, it might just have a leg up compared to its buddy XRP, who’s stuck in a legal game of tug-of-war with the SEC. 🥴
Even if Polymarket fans are riding high on this wave of optimism, let’s remember—it’s all still speculation! The SEC likes to take their time, crafting the perfect approval process while keeping a hawk eye on investor protection and market integrity. 🦅
So, while the DTCC listing is a leap forward, the ultimate fate of Canary Capital’s Litecoin ETF is still in the hands of the SEC. Keep your fingers crossed! 🤞
Meanwhile, the Litecoin price barely batted its eyelashes in response. The drama only raised it by a mere 3.37% since Friday morning, and it’s currently trading at $134.25. What a tease! 😏
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2025-02-21 13:51