TLDR:
- Canary Capital submitted S-1 changes for Litecoin and Hbar ETF with final Tickers LTCC and HBR on October 7, 2025.
- Both ETF products will charge investors an annual management fee of 0.95%, higher than Bitcoin ETF but the standard for new sectors.
- Bloomberg -analyst describes the applications as “at the finish line” with ticker and fee information that usually precedes launch approval.
- The government’s suspension has delayed SEC reviews and left over 90 crypto ETF applications in Limbo with minimal personnel operations.
Canary Capital submitted changed registration statements with Securities and Exchange Commission on October 7, which revealed final ticker symbols and fee structures for its proposed LitaCoin and Hedera Spot Exchange-traded funds.
The notifications revealed that both products will shop under Tickers LTCC and HBR respectively, with every 0.95% sponsorship fee.
Bloomberg Senior ETF analyst Eric Balchunas noted that ticker symbols and fee structures represent the final details that are updated before approval of the legislation.
The changes signal significant progress in Canary’s quest to be among the first asset managers that offer Spot ETFS tracking of Altcoins beyond Bitcoin and Ethereum.
Analysts signal imminent approval despite political uncertainty
Bloomberg Intelligence -Analyst James Seyffart stated that Litecoin and Hbar ETF products seem to be placed “at the finish line” after the changes on October 7.
Balchuna’s characterized documents as “quite final”, although he acknowledged that ongoing government operations disruptions create uncertainty.
The management fee of 0.95% places both products at the higher end compared to Bitcoin Spot ETFs, which usually charge between 0.20% and 0.50%.
Balchunas described pricing as “expensive” relatively bitcoin products but noted that elevated fees are “quite normal” for ETFs entering new asset categories.
Government’s suspension creates regulatory bottleneck
The US government’s suspension has affected the Sec’s ability to process ongoing Crypto ETF applications. According to an acute contingency plan with an extremely limited personnel, the agency seems only available for critical situations.
Fox Business reporter Eleanor Terrett emphasized that the suspension could affect approval timelines because the SEC must Greenlight final S-1 registration declarations before launch. The agency has not clarified which employees remain in operation or their current priorities during the shutdown period.
The regulatory frame is shifting benefits altcoin ETF prospects
Sec’s adoption of generic listing standards for Crypto ETFS has moved regulatory focus from traditional 19B-4-exchange rule files to S-1 registration reviews. This procedure displacement reduces potential approval lines from 240 days to as few as 75 days below the streamlined framework.
Canary Capital joins many asset managers File for Altcoin ETF products after the Trump administration’s more accommodating position on digital assets.
The same day as Canary’s amendment, Granitehares Posted registration statements for several utilized ETFs that track Solana, XRP and Ethereum.
Litecoin ETF application met one of the first decision-making deadline on October 2, which SEC missed due to suspension-related operational restrictions. The Hbar ETF review period extends to October 29 and marks 240 days from the filing date on February 21.
