Canary Capital Files for Litecoin and Hedera ETFs
Asset manager Canary Capital filed Form 8-A documents with the U.S. Securities and Exchange Commission (SEC) for its Litecoin (LTC) and Hedera (HBAR) exchange-traded funds (ETFs). The filing was submitted on October 7, 2025.
Bloomberg Senior ETF Analyst Eric Balchunas shared the news on X, attaching the official SEC documents. He noted that Canary’s filings come alongside Bitwise’s Form 8-A for a Solana (SOL) ETF. These filings suggest possible ETF launches this week.
In a later post, Balchunas stated that Canary plans to launch the Litecoin and Hedera ETFs on October 28, 2025.
This development follows earlier ETF proposals for altcoins like Solana and XRP. Canary had first applied for its Litecoin ETF in September 2025, with a 0.95% annual fee. The SEC missed its October 2 deadline to approve this ETF, causing further delay, partly due to a U.S. government shutdown.
The SEC also extended the decision deadline for the Hedera ETF to November 8, 2025.
Current Market Data for Litecoin and Hedera
- Litecoin (LTC): Trading at $102.56, up 2.42% over 24 hours. Market cap is $7.84 billion. Daily volume is $823.18 million, rising 10.58%. Circulating supply stands at 76.49 million LTC with 103,350 holders. Source
- Hedera (HBAR): Price is $0.18, up 2.39% in 24 hours. Market cap is $7.76 billion. Daily volume is $240.82 million, down 3.55%. Total supply is 50 billion HBAR with 19,130 holders. Source
Growing Momentum for Altcoin ETFs in the U.S.
Interest in spot cryptocurrency ETFs beyond Bitcoin and Ethereum is rising in the U.S. Multiple asset managers, including Canary Capital and Bitwise, are filing key registration documents.
These filings come despite limited SEC staffing during a recent government shutdown. The quick pace of filings indicates issuers are preparing to launch as soon as the SEC resumes full operations and approves the ETFs.
The industry shows strong readiness for new altcoin investment products, anticipating a broader ETF landscape soon.
