On February 21st, 2023, significant commentary emerged from Bloomberg Intelligence’s senior ETF analyst Eric Balchunas regarding the recently listed Canary Litecoin Spot ETF on the DTCC website. Balchunas emphasized that while the inclusion does not signify an immediate approval or readiness for trading, it reflects the issuer’s strategic preparations for potential trading activities. This development has led to a market sentiment shift, with Balchunas estimating a 90% probability for the approval of the Litecoin ETF. Previous reports from COINOTAG confirmed the listing with the identifier **LTCC**, showing a D status in the creation/redemption column, further indicating preparatory steps for future transactions. Investors should closely monitor these developments, as regulatory approvals can significantly impact market dynamics and trading strategies in the cryptocurrency sector.
Source: https://en.coinotag.com/breakingnews/canary-litecoin-spot-etf-listed-on-dtcc-90-approval-probability-according-to-bloomberg-analyst/