Canary Capital’s Litecoin, HBAR ETFs Clear Key Nasdaq Listing Step

Core Insights - Canary Capital Group has submitted paperwork to register shares for two cryptocurrency exchange-traded funds (ETFs) with Nasdaq, specifically a Litecoin ETF and an HBAR ETF, both structured as Delaware statutory trusts [1] - The filings include Form 8-A registration statements under Section 12(b) of the Securities Exchange Act of 1934, which become effective upon certain conditions being met, including Nasdaq certification [2] - The Litecoin ETF references S-1 registration number 333-282643, filed on October 15, 2024, while the HBAR ETF cites S-1 number 333-283135, filed on November 12, 2024, with recent amendments noted [3] ETF Approval Timeline and Market Context - The submissions coincide with approaching deadlines for altcoin ETF approvals, as the SEC has withdrawn delay notices for multiple cryptocurrency ETF proposals, including those related to Solana and XRP [4] - Canary Capital is part of a broader trend, with multiple asset managers pursuing spot XRP ETF applications, indicating growing institutional adoption of digital assets [5] - The next step for the Canary products is for the SEC to declare their S-1 registration statements effective, which is necessary for trading to commence on Nasdaq [6]