Canary Capital’s Litecoin ETF Seen Near SEC Approval After Final Filings, Analysts Cite 90% Odds

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  • Final S‑1 amendments filed: LTCC (Litecoin) and HBR (Hedera).

  • Analysts cite more than 90% approval odds once the SEC returns to full review.

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  • Each ETF charges a 0.95% sponsor fee; custodians named are BitGo and Coinbase.

  • Canary Capital Litecoin ETF and Hedera ETF near SEC approval; read the timeline and next steps. Learn what investors should watch next — act informed.

    What are Canary Capital’s Litecoin and Hedera ETFs?

    Canary Capital’s Litecoin and Hedera ETFs are spot exchange‑traded funds designed to hold Litecoin (LTC) and Hedera (HBAR) directly. The funds, filed as S‑1 amendments, use LTCC for Litecoin and HBR for Hedera and will employ regulated custodians and daily NAV calculations.

    How did Canary advance the filings?

    On October 7, Canary submitted final S‑1 amendments confirming tickers and fee structure. The filings specify a 0.95% sponsor fee and name BitGo and Coinbase as custodians. Daily net asset values will be calculated using aggregated exchange data around 4 p.m. ET.

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    How likely is SEC approval and why?

    Analysts, including Bloomberg coverage and independent market observers, characterize approval odds at above 90% once the SEC returns to normal operations. The filings are seen as procedural and near the final stage, with institutional readiness signaled by exchange listing forms.

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    Why did the government shutdown affect the timeline?

    The SEC missed an original decision deadline for the Litecoin ETF because limited operations slowed review processes after the October 1 government shutdown. This has delayed procedural actions rather than substantive changes to the filings.

    What do the filings reveal about fund structure?

    The S‑1 amendments show direct custody of underlying tokens, daily NAV calculations and a sponsor fee set at 0.95%. These details align the products with other niche crypto ETFs while reflecting higher fees than broad-market Bitcoin funds.

    ETF Summary Comparison
    FundTickerCustodySponsor Fee
    Canary Litecoin ETFLTCCBitGo, Coinbase0.95%
    Canary Hedera ETFHBRBitGo, Coinbase0.95%

    Frequently Asked Questions

    What are the tickers for Canary’s ETFs?

    The Litecoin ETF will use the ticker LTCC and the Hedera ETF will use HBR, as confirmed in the S‑1 amendments.

    Who are the custodians for the funds?

    Custody will be provided by BitGo and Coinbase, with storage and custody arrangements detailed in the filings.

    Key Takeaways

    • Near‑term approvals likely: Analysts place approval odds above 90% once the SEC resumes normal operations.
    • Direct token custody: Funds will hold LTC and HBAR directly, using regulated custodians and daily NAVs.
    • Broader altcoin ETF wave: Canary plans additional filings (Solana, XRP), signaling intent to expand institutional altcoin access.

    Conclusion

    Canary Capital’s S‑1 amendments for the Litecoin and Hedera spot ETFs mark a near‑final step toward SEC approval. With tickers LTCC and HBR, 0.95% sponsor fees and institutional custody arrangements, these funds could broaden altcoin exposure for investors once regulatory operations resume. Watch SEC procedural updates and exchange listing activity for next steps.





    In Case You Missed It:  BNB Could Retest $1,350–$1,400 Amid Binance Stablecoin Dominance and Growing Institutional Flows

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    Source: https://en.coinotag.com/canary-capitals-litecoin-etf-seen-near-sec-approval-after-final-filings-analysts-cite-90-odds/