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>>Analysts predict a 90% chance of SEC approval for Canary Capital’s Litecoin ETF, following the submission of final filings.

Analysts predict a 90% chance of SEC approval for Canary Capital’s Litecoin ETF, following the submission of final filings.

crypthub

4 days ago

ETF Filings and Approval Odds

Canary Capital’s Litecoin (LTCC) and Hedera (HBR) ETFs are nearing approval from the SEC after submitting final S‑1 amendments. Analysts estimate a greater than 90% chance of approval once the SEC resumes full operations. These filings represent a significant step toward launching spot ETFs that directly hold Litecoin and Hedera. The ETFs are poised to be early leaders in the altcoin fund market.

Fund Details and Custodians

The ETFs will list a 0.95% sponsor fee and utilize BitGo and Coinbase as custodians. Daily net asset values (NAV) will be calculated using aggregated exchange data. S‑1 amendments confirm the use of tickers LTCC and HBR, alongside details of the fund’s structure and token custody. The government shutdown previously delayed the review process.

Next Steps and Future Plans

Following procedural clearance after the government resumes operations, exchanges will complete listing steps for LTCC and HBR. Canary Capital plans additional filings for Solana and XRP, indicating an intention to broaden institutional access to altcoins. Investors should monitor SEC updates and exchange activity for progress.