Canary Capital has filed up to date purposes for its proposed spot Litecoin ETF and Hedera exchange-traded funds.
Abstract
- Canary Capital filed amended S-1 varieties for spot LTC and HBAR ETFs, finalizing tickers and costs.
- Bloomberg analysts name the filings “the final step earlier than go-time.”
- Approval odds stay excessive regardless of the SEC’s restricted operations throughout the shutdown.
The transfer alerts that each merchandise could also be nearing approval regardless of the continued U.S. authorities shutdown.
In line with filings made on Oct. 7, Canary submitted S-1 amendments for each ETFs, revealing their tickers as LTCC for the Litecoin (LTC) fund and HBR for the Hedera (HBAR) fund. The funds cost a 0.95% sponsor charge.
The charge stage, whereas larger than the 0.2%–0.5% vary typical for spot Bitcoin ETFs, is taken into account customary for area of interest or rising digital asset merchandise.
Litecoin and HBAR ETF particulars
Every ETF will instantly maintain the underlying tokens, with custody managed by regulated suppliers comparable to BitGo and Coinbase. Web asset values shall be calculated each day utilizing knowledge aggregated from a number of exchanges round 4 p.m. ET.
The filings arrived simply days after the Securities and Alternate Fee missed its unique determination deadline for the Litecoin ETF as a result of restricted operations brought on by the U.S. authorities shutdown. Regardless of the delay, the amendments recommend Canary is making last preparations for potential approval as soon as the SEC resumes regular features.
Analysts see approvals as “imminent”
Bloomberg ETF analyst Eric Balchunas described the amendments as “the very last thing up to date earlier than go-time.” Balchunas famous that whereas the 0.95% charge is “expensive” in comparison with Bitcoin ETFs, it’s frequent for first-of-its-kind funds. Seyffart added that the filings put each ETFs “on the purpose line—victory in sight.”
Canary’s HBAR ETF traces again to an preliminary submitting in Nov. 2024, adopted by a personal HBAR belief launched a month earlier for accredited traders. An analogous course of occurred for the Litecoin ETF, which first entered the SEC’s overview cycle in early 2025. Nasdaq has already filed corresponding 19b-4 varieties to listing each funds, indicating robust institutional readiness.
Market observers see these ETFs as front-runners amongst altcoin merchandise, citing Litecoin’s commodity classification and Hedera’s regulatory readability as favorable components. As soon as the SEC resumes operations, analysts predict approval odds of over 90%.
Broader ETF panorama
Canary Capital is positioning itself as an early mover in post-Bitcoin ETF innovation, with further filings in progress for XRP and Solana spot ETFs. Throughout the market, greater than 90 crypto ETF proposals stay pending because the shutdown halts common SEC overview cycles.
If accepted, the Litecoin and HBAR ETFs may mark the subsequent part of institutional crypto adoption, providing traders publicity past Bitcoin and Ethereum whereas cementing Canary’s function as a pacesetter within the altcoin ETF area.
