Canary Files S-1 Amendments for Litecoin (LTC) and Hedera (HBAR) Spot ETFs

Canary has filed S-1 amendments for spot ETFs tracking Litecoin and Hedera, marking a potentially final regulatory step before launch according to Bloomberg analyst Eric Balchunas.

This development could open new institutional investment pathways for these altcoins, with the proposed LTCC and HBR tickers featuring 95 basis point management fees. The filing comes amid growing crypto ETF interest following successful Bitcoin and Ethereum launches that attracted billions in inflows. Historical patterns show ETF approvals often trigger significant price movements, with Bitcoin surging over 20% before its ETF launch in early 2024.

• LTC currently trades around $65 with increased transaction volumes up 15% weekly, suggesting growing network activity
• HBAR trades at $0.05 with rising user engagement, showing 20% increase in active addresses over the past month
• Competitively priced at 95 basis points compared to existing Bitcoin ETFs, potentially attracting cost-conscious institutional investors
• Market analysts project potential $10 billion altcoin inflow if these ETFs launch by Q4 2025, based on previous launch patterns