The likelihood of a Litecoin ETF receiving approval this year has reached 85%, according to the prediction platform, Polymarket. As exchange-traded funds (ETFs) gain traction in the U.S. financial markets, the speculation around the Litecoin ETF approval has intensified.
Polymarket outlines that this prediction will resolve to ‘Yes’ if a spot Litecoin ETF gains approval from the SEC by December 31, 2025, at 11:59 PM ET. Approval under Rule 19-4b will count as a “Yes” resolution, even without an S-1 approval, while an S-1 approval without a 19-4b approval will also resolve the prediction in favor of ‘Yes.’
The crypto community is closely following the potential for a Litecoin ETF to be approved, with renewed speculations following comments from Bloomberg Intelligence’s senior ETF analyst Eric Balchunas.
Doesnt mean it’s approved or ready to start trading, but it does show the issuer is making preparations for when it is. We still at 90% odds. $LTCC https://t.co/ugQgsO9fIB
— Eric Balchunas (@EricBalchunas) February 21, 2025
He recently noted that the Canary Litecoin Spot ETF had been listed on the DTCC website, a key development that signals readiness for trading, even though it doesn’t indicate formal approval. Balchunas also raised his probability of approval to 90%.
At the same time, Litecoin’s market cap stands at $10.11 billion, currently ranked 18th in the cryptocurrency space, with a 2.4% change in the last 24 hours, according to CoinGecko data. On the DTCC website, the Canary Litecoin Spot ETF appears under the ticker code LTCC, with the creation/redemption column marked ‘D.’ While this does not necessarily confirm regulatory approval or a final approval outcome, listing on the DTCC site is part of the standard procedure for launching new ETFs.
Also Read: Litecoin (LTC) Targets $200 on 90% ETF Approval Odds