Asset manager Canary Capital has filed Form 8-A documents with the U.S. Securities and Exchange Commission (SEC) for its Litecoin (LTC) and Hedera (HBAR) ETFs.
Bloomberg Senior ETF Analyst Eric Balchunas revealed this development via a post on X, attaching the official filing with the SEC, which was made on October 7, 2025.
Canary just filed 8-As for Litecoin and HBAR ETFs joining Bitwise who filed one for Solana. These are the ones rumored to be poss looking to launch (along w Grayscale solana) this week despite shutdown. Not a done deal but clearly preparations being made. Stay tuned.. pic.twitter.com/4lj8NPn9s7
— Eric Balchunas (@EricBalchunas) October 27, 2025
In a subsequent post on X, Balchunas stated that the Canary Litecoin and HBAR ETFs were expected to launch on October 28, 2025.
This strategic move follows a similar filing by Bitwise for a Solana (SOL) ETF. Canary’s ETF applications are part of a broader trend of altcoin funds undergoing review in the U.S., with proposals also extending to XRP and other digital assets.
Earlier in the year, Canary had submitted an application for LTC ETF approval in September, proposing an annual fee of 0.95%. However, the SEC missed its October 2 deadline to rule on Canary Capital’s proposed spot Litecoin (LTC) exchange-traded fund (ETF), leading to further delays in its approval. The SEC had also postponed its decision on the Canary HBAR ETF, extending the timeline until November 8, 2025, for a final verdict.
Current Market Update
Litecoin (LTC) is currently trading at $102.56, reflecting a 2.42% increase in the past 24 hours. Its market capitalization stands at approximately $7.84 billion, with a 24-hour trading volume of about $823.18 million, indicating a 10.58% rise. The cryptocurrency has a circulating supply of approximately 76.49 million LTC out of a total supply of 84 million LTC. The number of holders is reported as 103.35K.
Hedera (HBAR) is priced at $0.18, showing a 2.39% increase over the last 24 hours. Hedera’s market capitalization is approximately $7.76 billion. The 24-hour trading volume is $240.82 million, a 3.55% decrease. The total supply for HBAR is 50 billion HBAR, with 19.13K holders.
Recent Momentum in ETF Landscape
The pursuit of spot Exchange-Traded Funds (ETFs) for cryptocurrencies beyond Bitcoin and Ethereum in the U.S. market has gained significant traction. Multiple asset managers are actively filing essential registration documents, even amidst a period of reduced U.S. government operations.
The rapid pace of these filings suggests that issuers are positioning themselves for immediate launch once the SEC fully resumes operations and provides final approvals. Despite the SEC operating with a limited staff due to a recent government closure, these ongoing regulatory actions underscore the industry's preparedness for a new influx of altcoin investment products.
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