Canary Nears Launch of LTC and HBAR Spot ETFs
Canary amends S-1 for LTC and HBAR spot ETFs with 95bps fees. Launch appears imminent, says Bloomberg analyst.
- Canary updates S-1 filings for LTC and HBAR spot ETFs.
- ETFs will trade under tickers LTCC and HBR with 95bps fees.
- Bloomberg analyst says launch could be next step.
Canary has just taken a major step toward launching two new crypto investment products — spot exchange-traded funds (ETFs) for Litecoin (LTC) and Hedera (HBAR). According to newly amended S-1 filings, the ETFs will trade under the tickers LTCC for Litecoin and HBR for Hedera, with an annual management fee of 95 basis points (bps).
This filing is more than just paperwork — it’s a sign that launch could be imminent.
Why This Matters for Crypto Investors
The S-1 amendment, filed with the U.S. Securities and Exchange Commission (SEC), is typically the final step before an ETF can go live. Bloomberg ETF analyst Eric Balchunas commented that this stage often signals readiness for launch, assuming regulatory approval follows swiftly.
The launch of LTC and HBAR spot ETFs would mark a major milestone for both cryptocurrencies, bringing them into the same investment category as Bitcoin and Ethereum spot ETFs, which have seen growing institutional interest in 2024 and 2025.
These ETFs offer traditional investors exposure to crypto assets without needing to hold or manage the actual tokens. If approved, it could lead to increased liquidity and price visibility for both LTC and HBAR.
What’s Next?
If the SEC gives the green light, Canary could list these ETFs on a major exchange within weeks. The relatively modest 95bps fee suggests Canary is positioning itself competitively to attract both retail and institutional investors.
For Litecoin and Hedera holders, this could signal increased mainstream adoption. And for the broader crypto market, the expanding ETF landscape continues to validate digital assets as part of the financial mainstream.
