Hedera HBAR ETF Filing by Canary Capital
- Canary Capital filed an S-1 registration for the HBAR ETF in November
- Bloomberg ETF analyst Eric Balchunas believes HBAR and Litecoin are in a strong position for approval
Nasdaq has submitted a 19b-4 form with the SEC to list and trade a Hedera HBAR exchange-traded fund (ETF) on behalf of Canary Capital. This move comes amidst growing interest in crypto ETFs.
Canary Capital had previously filed an S-1 registration for the HBAR ETF last November, following the launch of its HBAR Trust. According to Eric Balchunas, senior Bloomberg ETF analyst, HBAR and Litecoin are leading the race for approval among the current altcoin ETF filings.
In a recent tweet, Eric Balchunas mentioned that Canary’s filing for the HBAR ETF indicates strong chances of approval, putting HBAR and Litecoin in a favorable position among other altcoins.
Litecoin ETF Filing by Nasdaq
In January, Nasdaq submitted a 19b-4 form for a Canary Litecoin ETF, following its S-1 filing with the SEC. This move reflects the increasing interest in various crypto ETFs, following the successful launch of US Bitcoin and Ethereum ETFs in 2024.
Analysts believe that Litecoin, having a clean record with the SEC, is likely to be the next altcoin to receive approval for an ETF. Canary Capital has also applied for an XRP ETF, aiming to provide investors with exposure to different cryptocurrencies.
