Recent regulatory filings by Canary Capital are stirring excitement in the crypto market, proposing new ETFs for Litecoin (LTC) and Hedera (HBAR), even amid a government shutdown.
Key Takeaways:
- New Altcoin ETFs: Canary filed S-1 and 8-A forms for the Litecoin ETF (LTCC) and Hedera ETF (HBR). Bloomberg's senior ETF analyst, Eric Balchunas, noted these moves alongside similar filings for Solana, suggesting potential imminent launches.
- Higher Fees: Each Canary fund includes a 0.95% management fee. Balchunas pointed out this is higher than existing spot Bitcoin ETFs but is typical for funds entering specialized or newer markets. He expects cheaper alternatives to follow if these funds see strong investor flow.
- Market Optimism:Despite regulatory uncertainty, market predictions show high confidence in approval:
- Litecoin ETF: Traders on Polymarket assign an 88% probability of approval by the end of 2025, which could significantly boost LTC's price (currently around $102.47).
- Hedera ETF: Polymarket gives an estimated 60-80% chance of approval by the end of this year.
- HBAR Institutional Adoption: Hedera is now included in six U.S. ETF filings, and the Nasdaq has filed the required Form 19b-4 for the HBAR fund listing. The SEC has pushed the HBAR ETF review date to November 8. Hedera's recent presence at Nasdaq's Ring the Bell ceremony underscores the growing link between traditional finance and emerging crypto technologies.
These filings strongly suggest that institutional adoption is broadening beyond Bitcoin to major altcoins like Litecoin and Hedera.
October 2025, Cryptoniteuae