Canary Approves LTC and HBAR Spot ETFs, Potential for Major Market Impact

Canary’s recent S-1 filing amendment signifies the official preparation to launch spot exchange-traded funds (ETFs) for Litecoin (LTC) and Hedera (HBAR). These filings, which are typically a final step before listing on an exchange, mark a significant milestone in the adoption of cryptocurrencies within mainstream finance. The ETFs will trade under the tickers LTCC for Litecoin and HBR for Hedera, each with an annual management fee of 95 basis points (bps). This move suggests that Canary is well-positioned to attract both institutional and individual investors seeking exposure to these digital assets.