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32m ago

Canary Finalizes Litecoin and Hedera Spot ETF Filings as SEC Shutdown Clouds Timing

SEC review timing remains uncertain due to the government shutdown.

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Canary amends Litecoin and HBAR spot ETF filings with finalized tickers and fees

Overview

  • Canary Capital filed Oct. 7 S-1 amendments for spot ETFs with tickers LTCC for Litecoin and HBR for Hedera, each with a 0.95% sponsor fee.
  • Bloomberg’s Eric Balchunas and James Seyffart said the updates look like the final step before potential approval, with timing dependent on SEC operations.
  • The funds would hold the tokens directly with custody by regulated providers such as BitGo and Coinbase, and daily NAVs calculated from aggregated exchange data.
  • Nasdaq has submitted listing paperwork, the SEC missed an Oct. 2 decision date for the Litecoin ETF due to curtailed operations, and the HBAR window runs to Oct. 29.
  • A shift toward S-1 reviews under generic listing standards is reshaping the approval path for altcoin ETFs, yet more than 90 crypto ETF proposals remain stalled during the shutdown.