Bloomberg ETF Analyst: Litecoin ETF Approval Probability Reaches 90%

BlockBeats News, February 21st, Bloomberg Intelligence senior ETF analyst Eric Balchunas commented on the social media regarding the news that "Canary Litecoin Spot ETF is listed on the DTCC website," stating that while this does not mean it has been approved or is ready to trade, it does indicate the issuer is preparing for when to start trading. We still believe the Litecoin ETF approval probability is at 90%.

BlockBeats previously reported that the Canary Litecoin Spot ETF has been listed on the DTCC website, with the code LTCC and the creation/redemption column showing as D.