Key Points
- •Canary Capital Group has filed to register shares for Litecoin and HBAR ETFs with Nasdaq.
- •The filings are structured as Delaware statutory trusts and have been approved by Nasdaq for listing.
ETF Filings and Regulatory Process
Canary Capital Group has recently submitted applications to Nasdaq for the registration of shares for two cryptocurrency exchange-traded funds (ETFs). These ETFs are based on Litecoin and HBAR. Both are structured as Delaware statutory trusts.
The group filed Form 8-A registration statements under Section 12(b) of the Securities Exchange Act of 1934. According to the rules set by the Securities and Exchange Commission (SEC), this type of registration becomes effective upon the occurrence of the latest of three events. These events include the filing itself, exchange certification from Nasdaq, or effectiveness of the related Securities Act registration statements. Nasdaq has confirmed the approval of both applications for listing.
Details of the Filings and Market Context
The Litecoin ETF filing references S-1 registration number 333-282643, which was first submitted on Oct. 15, 2024. The HBAR ETF filing cites S-1 number 333-283135, initially filed on Nov. 12, 2024. Both products received S-1 amendments as recently as Oct. 7, 2025.
These filings come as impending altcoin ETF deadlines approach throughout October. The SEC has withdrawn delay notices for multiple cryptocurrency ETF proposals, including products tied to Solana, XRP, and other digital assets. This regulatory shift follows the commission’s approval of generic listing standards for crypto ETFs earlier in September.
Market Response and Future Steps
Canary Capital is also among the companies that have filed spot XRP ETF applications awaiting SEC decisions. Multiple asset managers are pursuing similar products across various cryptocurrencies as institutional adoption of digital assets continues to grow. Blockchain analytics data shows increased accumulation patterns among large holders ahead of potential ETF launches.
The next step for both Canary products requires the SEC to declare their respective S-1 registration statements effective. Until that happens, the shares cannot begin trading on Nasdaq. The regulator has the authority to approve these filings at any time, though concerns over market manipulation remain part of its review process for new cryptocurrency investment products.