Analyst: Spot ETFs for LTC, HBAR, and other cryptocurrencies are close to approval

ChainCatcher reported that, according to market sources, a new filing for an exchange-traded fund (ETF) tracking HBAR has revealed key details, with analysts suggesting this could indicate the fund is gradually approaching approval from the U.S. Securities and Exchange Commission (SEC).

On Tuesday, Canary Capital submitted a revised registration statement for its Canary HBAR ETF, disclosing its trading symbol as HBR and specifying a sponsor fee of 0.95%. The company is also developing a Litecoin (LTC) ETF, with the trading symbol LTCC and the same sponsor fee of 0.95%. Bloomberg Senior ETF Analyst Eric Balchunas noted that these details are typically the last updates made before an ETF goes "live." Compared to spot bitcoin ETFs, the 0.95% fee is "on the high side," but for newcomers to the ETF space and increasingly niche assets, such higher fees are "quite normal." Bloomberg Intelligence analyst James Seyffart expressed a similar view: "It feels like the LTC and HBAR ETFs are already near the finish line."