{"id":12816,"date":"2025-10-08T04:49:01","date_gmt":"2025-10-08T04:49:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/canary-capital-submits-amended-applications-for-spot-litecoin-and-hbar-etfs\/"},"modified":"2025-10-08T04:49:06","modified_gmt":"2025-10-08T04:49:06","slug":"canary-capital-submits-amended-applications-for-spot-litecoin-and-hbar-etfs","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/canary-capital-submits-amended-applications-for-spot-litecoin-and-hbar-etfs\/","title":{"rendered":"Canary Capital submits amended applications for spot Litecoin and HBAR ETFs"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Canary Capital has filed updated applications for its proposed spot Litecoin ETF and Hedera exchange-traded funds.<\/p>\n<div id=\"cn-block-summary-block_c13983d831fedca5c2e5a67486f08514\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Canary Capital filed amended S-1 forms for spot LTC and HBAR ETFs, finalizing tickers and fees.<\/li>\n<li>Bloomberg analysts call the filings \u201cthe last step before go-time.\u201d<\/li>\n<li>Approval odds remain high despite the SEC\u2019s limited operations during the shutdown.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The move signals that both products may be nearing approval despite the ongoing U.S. government shutdown.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2039458\/000199937125014860\/canaryhbar-s1a_100725.htm\" target=\"_blank\" rel=\"nofollow\">filings<\/a> made on Oct. 7, Canary submitted S-1 amendments for both ETFs, revealing their tickers as LTCC for the Litecoin (LTC) fund and HBR for the Hedera (HBAR) fund. The funds charge a 0.95% sponsor fee.<\/p>\n<p>The fee level, while higher than the 0.2%\u20130.5% range typical for spot Bitcoin ETFs, is considered standard for niche or emerging digital asset products.<\/p>\n<h2 class=\"wp-block-heading\">Litecoin and HBAR ETF details<\/h2>\n<p>Each ETF will directly hold the underlying tokens, with custody managed by regulated providers such as BitGo and Coinbase. Net asset values will be calculated daily using data aggregated from multiple exchanges around 4 p.m. ET.<\/p>\n<p>The filings arrived just days after the Securities and Exchange Commission missed its original decision deadline for the Litecoin ETF due to limited operations caused by the U.S. government shutdown. Despite the delay, the amendments suggest Canary is making final preparations for potential approval once the SEC resumes normal functions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Analysts see approvals as \u201cimminent\u201d<\/h2>\n<p>Bloomberg ETF analyst Eric Balchunas described the amendments as \u201cthe last thing updated before go-time.\u201d Balchunas noted that while the 0.95% fee is \u201cpricey\u201d compared to Bitcoin ETFs, it\u2019s common for first-of-its-kind funds. Seyffart added that the filings put both ETFs \u201cat the goal line\u2014victory in sight.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">INTERESTING: Canary just filed S-1 amendment for Litecoin and HBAR spot ETFs and they include the fees (95bps each) and the tickers (LTCC and HBR). which is typically the last thing updated bf go-time. With shutdown tho who knows but these docs look pretty finalized to me. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/xSahgxzhtl\">pic.twitter.com\/xSahgxzhtl<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1975673461583585769?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 7, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Canary\u2019s HBAR ETF traces back to an initial filing in Nov. 2024, followed by a private HBAR trust launched a month earlier for accredited investors. A similar process occurred for the Litecoin ETF, which first entered the SEC\u2019s review cycle in early 2025. Nasdaq has already filed corresponding 19b-4 forms to list both funds, indicating strong institutional readiness.<\/p>\n<p>Market observers see these ETFs as front-runners among altcoin products, citing Litecoin\u2019s commodity classification and Hedera\u2019s regulatory clarity as favorable factors. Once the SEC resumes operations, analysts predict approval odds of over 90%.<\/p>\n<h2 class=\"wp-block-heading\">Broader ETF landscape<\/h2>\n<p>Canary Capital is positioning itself as an early mover in post-Bitcoin ETF innovation, with additional filings in progress for XRP and Solana spot ETFs. Across the market, more than 90 crypto ETF proposals remain pending as the shutdown halts regular SEC review cycles.<\/p>\n<p>If approved, the Litecoin and HBAR ETFs could mark the next phase of institutional crypto adoption, offering investors exposure beyond Bitcoin and Ethereum while cementing Canary\u2019s role as a leader in the altcoin ETF space.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canary Capital has filed updated applications for its proposed spot Litecoin ETF and Hedera exchange-traded funds. Summary Canary Capital filed amended S-1 forms for spot LTC and HBAR ETFs, finalizing&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12816"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12816\/revisions"}],"predecessor-version":[{"id":12817,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12816\/revisions\/12817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9183"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}