The chance of a Litecoin ETF receiving approval this 12 months has reached 85%, in accordance with the prediction platform, Polymarket. As exchange-traded funds (ETFs) achieve 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 features approval from the SEC by December 31, 2025, at 11:59 PM ET. Approval beneath Rule 19-4b will depend as a “Sure” decision, even with out an S-1 approval, whereas an S-1 approval with no 19-4b approval may also resolve the prediction in favor of ‘Sure.’
The crypto group is intently following the potential for a Litecoin ETF to be permitted, with renewed speculations following feedback from Bloomberg Intelligence’s senior ETF analyst Eric Balchunas.
Doesnt imply it’s permitted or prepared to start out buying and selling, however 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 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 similar time, Litecoin’s market cap stands at $10.11 billion, presently ranked 18th within the cryptocurrency area, with a 2.4% change within the final 24 hours, in accordance with CoinGecko information. 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 affirm regulatory approval or a remaining approval consequence, 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
