Close Menu
CoindontCoindont

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

    October 15, 2025

    XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

    October 15, 2025

    ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

    October 15, 2025
    Facebook X (Twitter) Instagram
    Trending
    • XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges
    • XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges
    • ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE
    • Tether Pays $300 Million to Settle Celsius Lawsuit Over $4.5 Billion in Bitcoin
    • The Third Cohort of the Decentralized Nodes is a fact! | by Web3 Foundation Team | Web3 Foundation | Oct, 2025
    • Gate Launches Futures Points Airdrop Public Beta
    • Trader Accused of Trump Ties Denies Insider Trading Claims
    • Is BlackRock’s IBIT flows keeping Bitcoin above $100k?
    Facebook X (Twitter) Instagram
    CoindontCoindont
    • Home
    • Press Release
    • Blockchain Startups
    • Market Updates
    • Bitcoin & Altcoins
    • Crypto Security
      • DeFi Platforms
      • Trading Insights
      • Web3 Projects
    CoindontCoindont
    Home»Trading Insights»Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown
    Trading Insights

    Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

    adminBy adminOctober 8, 2025No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down.

    Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which each added a fee of 0.95% and the tickers LTCC and HBR.

    Bloomberg ETF analyst Eric Balchunas said in an X post on Tuesday that the additions are “typically the last thing updated [before] go-time.”

    He added that with the US government shut down and the Securities and Exchange Commission largely dark, it’s unknown when they’d be approved, but the filings “look pretty finalized to me.”

    Fellow Bloomberg ETF analyst James Seyffart also thought the amendments are a good sign that an approval would happen and said it “feels like Litecoin and HBAR ETFs are at the goal line here.”

    Source: James Seyffart

    Analysts from the crypto exchange Bitfinex predicted in August that the approval of altcoin-tied ETFs could spark a new altcoin rally, as the product would open up investors to the tokens.

    Fees higher than spot Bitcoin ETF, but “pretty normal”

    Spot Bitcoin ETFs fees average between 0.15% and 0.25%, according to Ledger, far more expensive than Canary’s 0.95% fees, but Balchunas said that is not out of the ordinary.

    “My take on the 95bp fee. It’s pricey vs spot BTC, but pretty normal to see higher fees for areas that are new to being ETF-ed and increasingly niche,” he said.

    Source: Eric Balchunas

    However, he also noted that if the LTC and HBAR ETFs attract decent flows and interest from investors, other issuers could try to undercut Canary and compete with cheaper products.

    Issuers’ “spaghetti cannon” 3x ETFs despite shutdown

    The US government might be in shutdown, but companies are still filing for new ETFs, according to Balchunas and Seyffart, with a focus on funds with 3x leverage.