Canary Capital filed an amended filing for its ETF Canary HBAR, indicating the ticker HBR and a sponsorship fee of 0,95%. The company is also developing ETF on Litecoin, which will be listed under the ticker LTCC with a sponsorship fee of 0,95%.
Senior Analyst at Bloomberg ETF Eric Balchunas noted that the 0,95% commission is high compared to bitcoin ETF, «but it is quite normal for areas that are just beginning to participate in ETF and are becoming more and more niche.»
Bloomberg Intelligence analyst James Seyffarth expressed a similar view, writing that “Litecoin and HBAR ETF already at the finish line.»
The US Securities and Exchange Commission is considering a number of proposals to create crypto-ETF, tracking DOGE, XRP and LTC. These applications were filed by companies over the past year in response to improved regulatory frameworks for digital assets under the Trump administration.
The US government shutdown has delayed these processes, and it’s unclear when operations will resume. Theoretically, it could be in a few weeks or a month.
Despite this, on Tuesday, global investment firm GraniteShares filed applications to open several ETF with leverage based on Solana, XRP и Ethereum.