Canary Capital’s Litecoin and HBAR ETFs are presently awaiting SEC approval because the U.S. authorities shutdown delays their launch.
Canary Capital is shifting nearer to launching new crypto ETFs for Litecoin and HBAR, regardless of delays brought on by the continued US authorities shutdown.
The agency submitted remaining amendments on October 7 and assigned the tickers LTCC for the Litecoin ETF and HBR for the HBAR ETF. These updates stand because the final procedural step earlier than approval.
Litecoin ETF Nears Approval Regardless of Delays
The Litecoin ETF is on the centre of Canary’s present enlargement. The agency filed its up to date S-1 registration assertion, which features a 0.95% sponsor price and the official LTCC ticker.
INTERESTING: Canary simply filed S-1 modification for Litecoin and HBAR spot ETFs they usually embrace the charges (95bps every) and the tickers (LTCC and HBR). which is often the very last thing up to date bf go-time. With shutdown tho who is aware of however these docs look fairly finalized to me. pic.twitter.com/xSahgxzhtl
— Eric Balchunas (@EricBalchunas) October 7, 2025
This submitting was made beneath the SEC’s new single-window overview framework, which was launched in September. The revised rule replaces the previous two-step course of with a sooner 75-day overview interval. It’s also supposed to make crypto ETF approvals extra environment friendly.
The SEC missed the preliminary October 2 deadline for the Litecoin ETF because of the shutdown. Nonetheless, the Nasdaq has already submitted the required 19b-4 kind to checklist the product.
ETF analysts say that Canary’s detailed filings are proof that the corporate is totally ready to launch as soon as the SEC resumes its operations.
HBAR ETF Builds on Canary’s Institutional Belief Product
The proposed HBAR ETF extends Canary’s earlier institutional-only belief providing, which launched final 12 months. The general public ETF utility was filed in February. The current modification confirms the 0.95% sponsor price and units the ticker as HBR.
My tackle the 95bp price. It is expensive vs spot btc, however fairly regular to see larger charges for areas which can be new to being ETF-ed and more and more area of interest. That stated, if there’s flows different issuers will little doubt come and Terrordome that sht with cheaper merchandise.
— Eric Balchunas (@EricBalchunas) October 7, 2025
The HBAR ETF’s 240-day overview window is ready to finish on October 29. Curiously, analysts be aware that Hedera’s regulatory profile and compliance with the Securities Act of 1933 present that it has a comparatively easy path to approval.
SEC Shutdown Slows Progress however Launch Stays on Observe
The U.S. authorities shutdown that began on October 1 has left the SEC working with minimal workers. In consequence, all non-essential regulatory actions, together with crypto ETF approvals, are delayed.
Canary’s filings present that it has accomplished the ultimate pricing and branding steps, that are usually the final updates earlier than approval. Analysts consider that each the Litecoin and HBAR ETFs might be launched rapidly after regular SEC capabilities resume.
The brand new itemizing framework is designed to scale back long-term delays, so the present holdup is most probably associated to the shutdown, to not additional regulatory hurdles.
ETF Analysts See Excessive Readiness for Launch
In style ETF analysts have proven optimism in regards to the merchandise’ future up to now. Eric Balchunas of Bloomberg, for instance, famous that the ultimate amendments to the filings are “sometimes the very last thing up to date earlier than go-time.”
His colleague James Seyffart says the identical and believes that “Litecoin and HBAR ETFs are on the objective line right here.” Each analysts agree that approval is extremely seemingly as soon as the SEC resumes its customary opinions.
The product’s 0.95% sponsor price is larger than the typical for spot Bitcoin ETFs, which regularly vary from 0.15% to 0.25%. Balchunas defined that larger charges are frequent for newer or extra specialised ETFs. He additionally stated that if these funds draw sturdy inflows, different issuers could enter the market with lower-cost alternate options.
Rising Demand for Altcoin ETFs
Canary’s concentrate on Litecoin and HBAR reveals an ongoing demand for crypto investments. Many institutional traders need publicity to extra than simply Bitcoin and Ethereum.
The approval of those ETFs would stand as a milestone expandig entry to altcoin-focused merchandise within the US market. Analysts from Bitfinex predicted earlier that the launch of altcoin ETFs may create recent curiosity and will even set off an altcoin rally.
The deliberate XRP and Solana ETF purposes point out that Canary intends to be a serious participant within the altcoin ETF area. Stronger entry to those merchandise may enhance the combination of digital belongings into trad-fi markets.