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- Canary Capital’s Litecoin and Hedera ETFs near launch stage with 0.95% sponsor fee set.
- SEC delays due to shutdown slow ETF approvals while market eyes altcoin rally potential.
Asset manager Canary Capital has amended its S-1 filings for spot Litecoin and Hedera ETFs, revealing final details that include a sponsor fee of 0.95% for both funds. The filings also confirm the tickers LTCC for the Litecoin ETF and HBR for the Hedera ETF.
The update was submitted to the U.S. SEC on Tuesday, and analysts interpret it as one of the final steps before a possible launch. Bloomberg ETF analyst Eric Balchunas stated in a post on X that such additions are “typically the last thing updated [before]go-time.”
Another Bloomberg analyst James Seyffart expressed optimism, added,
Feels like Litecoin and HBAR ETFs are at the goal line here.
Canary’s LTCC ‘looking finalized’ #GoTime 😎 https://t.co/tTHwndgli9
— Litecoin Foundation ⚡️ (@LTCFoundation) October 7, 2025
While approval timelines remain unclear due to the ongoing U.S. government shutdown. The SEC has been operating with a limited staff since Oct 1. Sixteen crypto ETF decisions were expected this month, but the agency’s reduced capacity has stalled progress.
Canary’s 0.95% Fee Outpaces Bitcoin ETF Range
Canary’s 0.95% management fee is higher than the 0.15% to 0.25% range typical for spot Bitcoin ETFs, according to data from Ledger. Balchunas noted that this higher fee level is common for products in newer or niche categories, adding,
It’s pricey vs spot BTC, but pretty normal to see higher fees for areas that are new to being ETF-ed and increasingly niche.
He added that if investor demand increases, competitors might step in with lower-cost alternatives.
The potential approval of altcoin-based ETFs is viewed as a trigger for broader market participation. A Bitfinex analysis predicted in August that such approvals could lead to a renewed altcoin rally as mainstream investors gain access to additional tokens.
Litecoin and HBAR Price Movements
At publication time, Litecoin (LTC) traded at $117.92, gaining 1.65% in the past 24 hours. Crypto market analyst Ali Martinez recently cautioned that the coin faces resistance between $130–$135. He wrote,
A rejection here could send Litecoin $LTC back to $50.
Meanwhile, Hedera (HBAR) was priced at $0.2135, down 1.16% today and nearly 7% over the week. The token is trading within a rising wedge pattern, often seen as a bearish signal. The key support remains near $0.21, a level that has held since late September.
If that support breaks, HBAR may fall toward $0.20 or even $0.19. Only a move above $0.23 would cancel this bearish setup and signal renewed strength.
