- Canary Capital filed an S-1 registration for the HBAR ETF in November
- Bloomberg ETF analyst Eric Balchunas stated HBAR and Litecoin are in “pole position” among the many altcoin ETF filings
Nasdaq has filed a 19b-4 kind with the US Securities and Change Fee (SEC) to checklist and commerce a Hedera HBAR exchange-traded fund (ETF).
The submitting is on behalf of Canary Capital and comes at a time of accelerating curiosity in crypto ETFs.
The most recent submitting follows Canary’s S-1 registration for the HBAR ETF final November, submitted shortly after the launch of its HBAR Belief.
In a submit on X, Eric Balchunas, senior Bloomberg ETF analyst, stated HBAR and Litecoin have the perfect odds of approval from the SEC and are in “pole position among the current slew of altcoin ETF filings.”
Canary simply filed the 19b-4 for his or her HBAR ETF. This comes on heels of them amending S-1 final week (which implies SEC gave feedback which supplies HBAR and Litecoin the perfect odds and the pole place among the many present slew of alt coin ETF filings) pic.twitter.com/qxJIhEwBNY
— Eric Balchunas (@EricBalchunas) February 24, 2025
Litecoin ETF
Nasdaq’s newest submitting comes because it submitted a 19b-4 kind for a Canary Litecoin ETF in January following on the heels of its S-1 kind to the SEC.
The transfer from each firms highlights increasing curiosity in numerous crypto ETFs after the profitable launch of US Bitcoin ETFs and Ethereum ETFs in 2024. Different altcoin ETFs within the operating embody Dogecoin, Solana, and XRP.
Given the truth that Litecoin has prevented any problem with the SEC, Balchunas and fellow Bloomberg ETF analyst James Seyffart imagine a Litecoin ETF would be the subsequent to obtain SEC approval.
Eager to supply its traders publicity to quite a lot of crypto, Canary Capital has additionally utilized for an XRP ETF. Nevertheless, it faces competitors from the likes of 21Shares, Bitwise, Canary Capital, and WisdomTree.
