Spot LTC ETF Gains Traction With DTCC Website Listing as SEC Review Continues

CN
22 hours ago

Inclusion on the DTCC’s public list streamlines the fund’s potential trading processes but remains separate from regulatory clearance. Observers note the SEC’s cautious history with crypto-related ETFs, leaving the final decision uncertain despite this procedural step.

Spot LTC ETF Gains Traction With DTCC Website Listing as SEC Review Continues

However, with the Trump administration at the helm and significant SEC changes underway, many believe the securities regulator will approve the spot LTC fund. Polymarket bettors assign an 85% probability of approval following the DTCC listing.

Some maintain that a litecoin (LTC) fund will gain approval because litecoin is primarily viewed as a commodity like bitcoin (BTC). Among bets on XRP and SOL on Polymarket, LTC has the highest likelihood of launching an ETF this year.

If Canary receives approval, the chances that Coinshares’ and Grayscale’s LTC ETFs will also get the green light appear very favorable. Because of this probability, LTC has benefited from favorable market conditions, climbing 28.7% against the U.S. dollar over the past two weeks.

Following the DTCC listing, litecoin recorded a 6% increase on Fri. and is trading at $135.71 per coin.

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