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 with a post on X, attaching the official filing with SEC which was done on October 7, 2025
In a recent post on X, he claimed that the Canary Litecoin and HBAR ETFs filed are to be launched tomorrow, i.e., October 28, 2025.
This move follows a similar action by Bitwise, which filed a Form 8-A for a Solana (SOL) ETF. Canary’s ETF is just one of several altcoin funds being reviewed in the U.S., with proposals for Solana, XRP, SOL, and so on.
Earlier this year, Canary had applied for LTC ETF approval in September, with a 0.95% annual fee. However, the U.S. Securities and Exchange Commission (SEC) missed its October 2 deadline to decide on Canary Capital’s proposed spot Litecoin (LTC) exchange-traded fund (ETF), which further delayed the approval. After months of back-and-forth, the SEC had also delayed its verdict on the Canary HBAR ETF, granting time until November 8, 2025, to make a decision.
Current Market Update
Litecoin (LTC) is trading at $102.56, showing a 2.42% increase over the past 24 hours. The market cap is approximately $7.84 billion. The volume (24h) is about $823.18 million, showing a 10.58% increase. 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 listed as 103.35K, according to Coinmarketcap.
Hedera’s (HBAR) current price is $0.18, which marks an increase of 2.39% over the last 24 hours. Hedera’s market cap is approximately $7.76 billion. The volume (24h) is listed as $240.82 million, which is slightly lower than its market cap change with a 3.55% decrease. The Total Supply for HBAR is 50 billion HBAR. The number of holders is 19.13K, according to Coinmarketcap.
Recent Momentum in ETF landscape
The push to bring spot Exchange-Traded Funds (ETFs) for cryptocurrencies beyond Bitcoin and Ethereum to the U.S. market has increased, with multiple asset managers filing critical registration documents, even amid a period of U.S. government operational slowdown.
The speed of these filings suggests that issuers are preparing themselves to be ready for launch as soon as the SEC fully resumes operations and grants final approval. While the SEC had been operating with limited staff due to a recent government closure, the ongoing regulatory maneuvers confirm the high level of industry readiness for a new wave of altcoin investment products.
Also Read: Hong Kong Approves First Solana Spot ETF Ahead of Global Race
