Key notes
- Canary Capital’s dual ETF deposits indicate institutional momentum in cryptocurrency markets beyond established digital assets.
- The Securities and Exchange Commission’s September approval of public listing standards for cryptocurrency ETFs has spurred a wave of new product applications across multiple blockchain networks.
- Trading cannot begin until the SEC declares the S-1 registration statements effective, maintaining regulatory oversight of potential market manipulation risks.
Canary Capital Group filed paperwork on October 27 to register shares in two cryptocurrency exchange-traded funds with Nasdaq. The deposit covers Litecoin
ltc
$101.9
24-hour fluctuations:
2.8%
Market value:
$7.78 billion
Vol. 24 hours:
$814.91 million
ETF and HBAR ETF, both of which are regulated as statutory trusts in Delaware.
Company Form 8-A submitted registration data Under Section 12(b) of the Securities Exchange Act of 1934. In accordance with the rules of the Securities and Exchange Commission, this type of registration becomes effective upon the most recent of three events: the filing itself, a stock exchange certification by NASDAQ, or the effectiveness of relevant securities law registration statements. Both filings indicate that Nasdaq has approved the listing requests.
The Litecoin ETF’s filing refers to registration number S-1 333-282643, which was first filed on October 15, 2024. The HBAR ETF’s filing refers to registration number S-1 333-283135, which was initially filed on November 12, 2024. Both products received S-1 amendments most recently on October 7, 2025.
Canary just filed 8 for Litecoin and HBAR ETFs joining Bitwise which filed one for Solana. These are the ones that are rumored to be looking to launch (along Solana Greyscale) this week despite the shutdown. No agreement has been reached but it is clear that preparations are underway. Stay tuned.. pic.twitter.com/4lj8NPn9s7
– Eric Balchunas (@EricBalchunas) October 27, 2025
ETF approval timeline and market context
Orders are arriving as the impending deadlines for altcoin ETFs approach throughout October. The SEC has pulled delay notices for multiple cryptocurrency ETF proposals, including Solana-related products.
Sol
$200.4
24-hour fluctuations:
0.8%
Market value:
$110.11 billion
Vol. 24 hours:
$7.07 billion
XRP and other digital assets. This regulatory shift comes after the Commission approved general listing standards for cryptocurrency ETFs earlier in September.
Canary Capital also filed among a wave of spot XRP ETF orders pending SEC decisions. Many asset managers are pursuing similar products across multiple cryptocurrencies as institutional adoption of digital assets continues to expand. Data from blockchain analytics shows an increase in accumulation patterns among large holders ahead of the potential launch of ETFs.
The next step for both Canary products requires the SEC to declare their S-1 registration statements effective. Until that happens, shares cannot begin trading on the Nasdaq exchange. The regulator retains the power to approve such registrations at any time, although concerns about market manipulation remain part of its review process for new cryptocurrency investment products.
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As a Web3 marketing strategist and former DuckDAO CMO, Zoran Spirkovski translates complex coding concepts into compelling narratives that drive growth. With a background in cryptocurrency journalism, he excels at developing go-to-market strategies for DeFi, L2, and GameFi projects.
The post Canary Capital’s Litecoin, HBAR ETFs Clear Key Nasdaq Listing Step first appeared on Investorempires.com.
