Canary Capital's Litecoin and Hedera ETFs Poised for Approval After Final Filings
Canary Capital has finalized plans for its proposed Litecoin and Hedera ETFs, with filings submitted just days after the SEC missed its initial decision deadline due to the U.S. government shutdown. Market observers see these ETFs as strong contenders, with over 90% approval odds once the SEC resumes operations.
The ETFs, with tickers LTCC and HBR respectively, will charge a 0.95% sponsor fee. Both will directly hold the underlying tokens and have custody managed by regulated providers such as BitGo and Coinbase. The Litecoin ETF entered the SEC's review cycle in early 2025, while the Hedera ETF traces back to an initial filing in Nov. 2024. Canary Capital has filed updated applications for these ETFs, positioning itself as an early mover in post-Bitcoin ETF innovation. Additional filings for XRP and Solana spot ETFs are in progress.
The custodians for these ETFs are typically specialized financial institutions or trust companies appointed by the ETF issuers. Specific names depend on the ETF provider's filings and are disclosed in their regulatory documents.
With finalized filings and imminent approval expected once the SEC resumes normal functions, Canary Capital's Litecoin and Hedera ETFs are poised to become front-runners among altcoin products, offering investors exposure to these cryptocurrencies through a regulated and familiar investment vehicle.
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