- Canary Capital filed an S-1 registration for the HBAR ETF in November
- Bloomberg ETF analyst Eric Balchunas mentioned HBAR and Litecoin are in “pole place” some of the altcoin ETF filings
Nasdaq has filed a 19b-4 shape with the United States Securities and Trade Fee (SEC) to listing and industry a Hedera HBAR exchange-traded fund (ETF).
The submitting is on behalf of Canary Capital and springs at a time of accelerating passion in crypto ETFs.
The most recent submitting follows Canary’s S-1 registration for the HBAR ETF ultimate November, submitted in a while after the release of its HBAR Consider.
In a put up on X, Eric Balchunas, senior Bloomberg ETF analyst, mentioned HBAR and Litecoin have the most productive odds of approval from the SEC and are in “pole place some of the present 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 ultimate week (because of this SEC gave feedback which provides HBAR and Litecoin the most productive odds and the pole place some of the present slew of alt coin ETF filings) %.twitter.com/qxJIhEwBNY
— Eric Balchunas (@EricBalchunas) February 24, 2025
Litecoin ETF
Nasdaq’s newest submitting comes because it submitted a 19b-4 shape for a Canary Litecoin ETF in January following at the heels of its S-1 shape to the SEC.
The transfer from each firms highlights increasing passion in quite a lot of crypto ETFs after the a hit release of US Bitcoin ETFs and Ethereum ETFs in 2024. Different altcoin ETFs within the operating come with Dogecoin, Solana, and XRP.
Given the truth that Litecoin has have shyed away from any factor with the SEC, Balchunas and fellow Bloomberg ETF analyst James Seyffart consider a Litecoin ETF would be the subsequent to obtain SEC approval.
Prepared to supply its traders publicity to plenty of crypto, Canary Capital has additionally implemented for an XRP ETF. On the other hand, it faces pageant from the likes of 21Shares, Bitwise, Canary Capital, and WisdomTree.