Canary Capital has filed amended registration statements with the U.S. Securities and Exchange Commission (SEC) for its proposed spot Litecoin (LTC) and Hedera (HBAR) exchange-traded funds. The updated S-1 filings, submitted during the ongoing U.S. government shutdown, include sponsor fees set at 95 basis points (bps) for each product and confirm their ticker symbols, LTCC for Litecoin and HBR for Hedera.
INTERESTING: Canary just filed S-1 amendment for Litecoin and HBAR spot ETFs and they include the fees (95bps each) and the tickers (LTCC and HBR). which is typically the last thing updated bf go-time. With shutdown tho who knows but these docs look pretty finalized to me. pic.twitter.com/xSahgxzhtl
— Eric Balchunas (@EricBalchunas) October 7, 2025
The amendments to Canary Capital’s filings are a major step toward possible approval. Bloomberg ETF analyst Eric Balchunas said the update typically signals the last step before final authorization. He noted that, despite the SEC’s limited operations during the government shutdown, the filings appeared “pretty finalized.”
Balchunas added that the 95 bps fee was higher than Bitcoin ETF sponsor rates but described it as standard for new entrants in emerging sectors. Fellow Bloomberg analyst James Seyffart shared a similar view, stating that the updated filings suggest the Litecoin and HBAR ETFs are “at the goal line.”
The SEC was initially expected to deliver a decision on the Litecoin ETF by October 2. However, the review process was delayed as federal agencies scaled back their activities following the shutdown. The HBAR ETF remains under review, with an expected deadline of October 29, marking 240 days since its initial submission on February 21.
Institutional Access and Market Implications
If approved, the two ETF products would extend institutional exposure to LTC and HBAR, respectively. According to analysts at Bitfinex, the introduction of ETFs tied to alternative cryptocurrencies could trigger a new wave of capital inflows into the broader digital asset market. ETFs provide regulated and simplified access for institutional investors, who often prefer such instruments to direct token purchases.
The proposed products are part of a broader expansion in crypto-related investment offerings. Canary Capital’s filings follow earlier leveraged ETF registrations by GraniteShares, covering Solana, XRP, and Ethereum.
Regulatory Framework Accelerates ETF Pathways
Under the SEC’s revised system, the review of crypto ETFs has shifted from the traditional 19b-4 exchange rule process to a streamlined S-1 registration approach. This procedural change could shorten approval timelines from 240 days, allowing the regulator to decide the fate of these products any time.
Canary Capital’s progress aligns with a broader trend among asset managers, who are leveraging a more favorable regulatory climate under the Trump administration. This administration has focused on capital market access for digital assets.
The CoinRemark Team
