Canary Files for LTC and HBAR ETFs Amid Potential Launch Preparations

• Canary Capital’s latest SEC filings for LTC and HBAR ETFs aim to expand cryptocurrency investment options beyond Bitcoin and Ethereum.

• These filings follow Bitwise’s Form 8-A for a Solana ETF, indicating accelerated industry preparations for altcoin products.

• Despite a government shutdown causing SEC delays, Litecoin trades at $102.56 with a $7.84 billion market cap, while Hedera stands at $0.18 with $7.76 billion, per CoinMarketCap data as of October 2025.

Discover Canary Capital’s bold move with LTC and HBAR ETF filings amid SEC delays—explore market impacts and what this means for crypto investors seeking diversified altcoin exposure today!

What Are the Latest Developments in Canary Capital’s LTC and HBAR ETF Filings?

Canary Capital’s LTC and HBAR ETFs represent a significant step toward broadening access to altcoin investments through traditional financial vehicles. On October 7, 2025, the asset manager submitted Form 8-A registration statements to the U.S. Securities and Exchange Commission (SEC), a critical precursor to potential ETF launches. Bloomberg Senior ETF Analyst Eric Balchunas highlighted these filings in a post on X, noting they join similar efforts by Bitwise for a Solana ETF and could position these products for approval soon after the recent government shutdown resolves operational delays.

How Do These Filings Impact the Broader Crypto ETF Landscape?

Canary Capital’s submissions underscore the intensifying race among asset managers to secure SEC approval for spot ETFs tied to major altcoins like Litecoin and Hedera. Earlier in September 2025, Canary applied for its Litecoin ETF with a proposed 0.95% annual fee, but the SEC extended its review period beyond the initial October 2 deadline due to the government shutdown, pushing decisions to later dates. Similarly, the HBAR ETF faces a verdict by November 8, 2025. These delays stem from limited SEC staffing during the shutdown, yet the filings demonstrate issuers’ proactive stance.

Industry observers, including Balchunas, suggest these moves prepare the ground for launches as soon as regulatory operations normalize. The momentum builds on prior successes with Bitcoin and Ethereum ETFs, now extending to altcoins. For instance, proposals for Solana, XRP, and others are under review, potentially unlocking billions in institutional capital. According to data from CoinMarketCap, Litecoin’s circulating supply of 76.49 million LTC supports its stability, while Hedera’s 50 billion total HBAR reflects its enterprise-focused network. Expert analysis from financial publications like Bloomberg indicates that such ETFs could enhance liquidity and price discovery for these assets, drawing in retail and institutional investors alike.

This development aligns with a surge in crypto ETF interest. In 2025 alone, filings have proliferated as the market matures, with altcoin ETFs addressing diversification needs. Balchunas, a veteran ETF tracker, emphasized in his X post that while not a guaranteed launch, the Form 8-A steps confirm serious preparations, even amid uncertainties. Regulatory experts at firms like Grayscale have echoed this, noting that post-shutdown, the SEC may accelerate reviews to align with global trends, such as Hong Kong’s recent approval of a Solana spot ETF.

Balchunas further speculated in his post that launches could occur as early as October 28, 2025, though he cautioned it’s not finalized. This optimism persists despite the SEC’s history of cautious oversight, ensuring investor protections in volatile markets. Canary’s strategy, backed by its track record in asset management, positions it competitively against peers like Bitwise and Grayscale.

Current Market Snapshot for LTC and HBAR

As of late October 2025, Litecoin (LTC) maintains steady performance amid ETF anticipation. Trading at $102.56, it has risen 2.42% in the last 24 hours, per CoinMarketCap. Its market capitalization reaches $7.84 billion, bolstered by a 24-hour trading volume of $823.18 million—a 10.58% uptick signaling heightened interest. With 76.49 million LTC in circulation out of 84 million total, and over 103,350 holders, Litecoin’s network remains robust, often viewed as “digital silver” to Bitcoin’s gold.

Hedera (HBAR) mirrors this positive trend, priced at $0.18 with a 2.39% daily gain. Its $7.76 billion market cap reflects strong enterprise adoption, though 24-hour volume dipped 3.55% to $240.82 million. HBAR’s total supply of 50 billion tokens supports its hashgraph consensus mechanism, favored for speed and security. Holding 19,130 addresses, Hedera continues to attract developers in DeFi and supply chain sectors.

These metrics illustrate resilience in the altcoin space. ETF approvals could amplify trading activity, as seen with Ethereum’s post-ETF surge. Financial analysts from Bloomberg report that investor sentiment is buoyed by these filings, with altcoin indices showing correlated gains during regulatory news cycles.

Frequently Asked Questions

What Does Form 8-A Mean for Canary Capital’s LTC and HBAR ETFs?

Form 8-A is a SEC registration statement that registers securities for trading on U.S. exchanges, a key step before ETF launches. For Canary Capital’s LTC and HBAR ETFs, filed on October 7, 2025, it indicates readiness for listing once approvals are granted, potentially enabling public trading shortly after the government shutdown ends.

Will the U.S. Government Shutdown Delay LTC and HBAR ETF Approvals Indefinitely?

The shutdown has temporarily slowed SEC reviews, missing deadlines like October 2 for the LTC ETF and extending HBAR’s to November 8, 2025. However, once operations resume, the agency is expected to process pending filings efficiently, based on patterns from prior disruptions. Investors should monitor official SEC updates for timelines.

Key Takeaways

• Accelerated Filings Amid Challenges: Canary’s Form 8-A for LTC and HBAR ETFs, alongside Bitwise’s Solana move, shows industry determination despite SEC delays from the shutdown.
• Market Resilience: LTC at $102.56 and HBAR at $0.18 demonstrate stable performance, with billions in market caps poised for ETF-driven growth.
• Investor Opportunity: Approval could diversify portfolios with altcoin exposure—stay informed on SEC decisions to capitalize on potential launches.

Conclusion

Canary Capital’s proactive Form 8-A filings for LTC and HBAR ETFs mark a pivotal moment in the evolution of cryptocurrency exchange-traded funds, extending beyond Bitcoin and Ethereum to vital altcoins. Despite U.S. government shutdown-induced delays in SEC reviews, the broader crypto ETF landscape surges forward, with Litecoin and Hedera’s strong market positions underscoring their investment appeal. As regulatory clarity emerges post-shutdown, these developments could usher in a new era of accessible altcoin investing—position your strategy now to benefit from upcoming opportunities in this dynamic sector.

Canary submits Form 8-A for LTC & HBAR ETFs, joining Bitwise’s Solana filing despite a government shutdown delay.

Asset manager Canary Capital has filed Form 8-A documents with the U.S. Securities and Exchange Commission (SEC) for its Litecoin (LTC) and Hedera (HBAR) ETFs.

Bloomberg Senior ETF Analyst Eric Balchunas revealed with a post on X, attaching the official filing with SEC which was done on October 7, 2025

In a recent post on X, he claimed that the Canary Litecoin and HBAR ETFs filed are to be launched tomorrow, i.e., October 28, 2025.

This move follows a similar action by Bitwise, which filed a Form 8-A for a Solana (SOL) ETF. Canary’s ETF is just one of several altcoin funds being reviewed in the U.S., with proposals for Solana, XRP, SOL, and so on.

Earlier this year, Canary had applied for LTC ETF approval in September, with a 0.95% annual fee. However, the U.S. Securities and Exchange Commission (SEC) missed its October 2 deadline to decide on Canary Capital’s proposed spot Litecoin (LTC) exchange-traded fund (ETF), which further delayed the approval. After months of back-and-forth, the SEC had also delayed its verdict on the Canary HBAR ETF, granting time until November 8, 2025, to make a decision.

Current Market Update

Litecoin (LTC) is trading at $102.56, showing a 2.42% increase over the past 24 hours. The market cap is approximately $7.84 billion. The volume (24h) is about $823.18 million, showing a 10.58% increase. The cryptocurrency has a circulating supply of approximately 76.49 million LTC out of a total supply of 84 million LTC. The number of holders is listed as 103.35K, according to Coinmarketcap.

Hedera’s (HBAR) current price is $0.18, which marks an increase of 2.39% over the last 24 hours. Hedera’s market cap is approximately $7.76 billion. The volume (24h) is listed as $240.82 million, which is slightly lower than its market cap change with a 3.55% decrease. The Total Supply for HBAR is 50 billion HBAR. The number of holders is 19.13K, according to Coinmarketcap.

Recent Momentum in ETF landscape

The push to bring spot Exchange-Traded Funds (ETFs) for cryptocurrencies beyond Bitcoin and Ethereum to the U.S. market has increased, with multiple asset managers filing critical registration documents, even amid a period of U.S. government operational slowdown.

The speed of these filings suggests that issuers are preparing themselves to be ready for launch as soon as the SEC fully resumes operations and grants final approval. While the SEC had been operating with limited staff due to a recent government closure, the ongoing regulatory maneuvers confirm the high level of industry readiness for a new wave of altcoin investment products.

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