Canary Files LTC & HBAR Spot ETFs Amid Altcoin ETF Surge

Published: 2025-10-27 20:36:34 |

Canary Capital filed Form 8-A on October 7, 2025 to register Litecoin (LTC) and Hedera (HBAR) spot ETFs, marking a fresh push in altcoin ETF filings. This move joins Bitwise’s Solana (SOL) ETF application and Grayscale’s advancing Solana ETF bid. A recent U.S. government shutdown delayed SEC review deadlines, but filings are expected to resume soon. Bloomberg analyst Eric Balchunas sees potential ETF launches as early as October 28. LTC trades at $102.56 (market cap $7.84 B, 24h volume +10.6%) and HBAR at $0.18 (market cap $7.76 B, volume −3.6%). Growing demand for altcoin ETFs could attract institutional capital, boost liquidity, and improve price discovery. Traders should monitor SEC review timelines and market reactions for spot ETF approval catalysts.

Bullish

Spot ETF filings for Litecoin and Hedera alongside Solana applications signal growing regulatory acceptance of altcoin ETFs. In the short term, trader speculation may lift LTC and HBAR prices as SEC deadlines approach. Upon approval, institutional inflows are likely to boost liquidity and price discovery. Over the long term, broader altcoin ETF availability should support sustained demand, diversify crypto portfolios, and reinforce bullish market sentiment.