"Hedera·Litecoin, ETF approval imminent"

Uk Jin

Summary

Canary Capital said it finalized ticker symbols for Hedera and Litecoin spot ETFs and submitted amended registration documents.
Bloomberg ETF analysts said Hedera and Litecoin ETF approval is nearly imminent.
The SEC is conducting final reviews of various crypto ETF approvals, but reported that administrative procedures are delayed due to the U.S. government shutdown.

An analysis suggested that approval of spot exchange-traded funds (ETFs) for Hedera (HBAR) and Litecoin (LTC) is imminent.

On the 8th (Korean time), crypto-focused outlet The Block reported that asset manager Canary Capital recently submitted amended registration documents for a Hedera spot ETF and finalized the ticker symbol as 'HBR'. Canary Capital also finalized the ticker symbol for the Litecoin spot ETF as 'LTCC'. The fee rate for these two ETFs was set at 0.95%.

Eric Balchunas, Bloomberg ETF analyst, said, "These details are usually updated at the 'pre-launch stage,'" and added, "the filings are nearly in their final stage."

James Seyffart, Bloomberg ETF analyst, also said, "Approval of the Litecoin and Hedera spot ETFs is nearly imminent."

The SEC is currently conducting final reviews of approvals for various crypto ETFs, including XRP, Solana (SOL), and Dogecoin (DOGE), in addition to Hedera and Litecoin. However, with the U.S. government entering a shutdown, most administrative procedures are being delayed.

HBAR

LTC