Canary Capital Files 8-A Form for Litecoin and Hedera ETFs - Major Crypto Expansion Underway

Wall Street's crypto embrace accelerates as Canary Capital drops regulatory paperwork for two new digital asset ETFs.

The Filing Details

Canary Capital just submitted SEC Form 8-A registration statements for both Litecoin and Hedera ETFs - marking another significant step toward mainstream crypto adoption. The move signals institutional confidence in alternative cryptocurrencies beyond Bitcoin and Ethereum.

Market Implications

This regulatory filing represents the latest institutional gateway opening for digital assets. Traditional finance finally waking up to what crypto natives knew years ago - though of course they'll take their usual hefty fees for the privilege. Litecoin gains another potential liquidity channel while Hedera's enterprise-focused blockchain gets Wall Street validation.

The approval process timeline remains uncertain, but the paperwork itself sends a clear signal: crypto ETFs are becoming the new normal rather than the exception. Another brick in the wall of traditional finance's reluctant but inevitable crypto adoption.

Current Market Update

Litecoin (LTC) is trading at $102.56, showing a 2.42% increase over the past 24 hours. The market cap is approximately $7.84 billion. The volume (24h) is about $823.18 million, showing a 10.58% increase. The cryptocurrency has a circulating supply of approximately 76.49 million LTC out of a total supply of 84 million LTC. The number of holders is listed as 103.35K, according to Coinmarketcap. 

Hedera’s (HBAR) current price is $0.18, which marks an increase of 2.39% over the last 24 hours. Hedera’s market cap is approximately $7.76 billion. The volume (24h) is listed as $240.82 million, which is slightly lower than its market cap change with a 3.55% decrease. The Total Supply for HBAR is 50 billion HBAR. The number of holders is 19.13K, according to Coinmarketcap. 

Recent Momentum in ETF landscape 

The push to bring spot Exchange-Traded Funds (ETFs) for cryptocurrencies beyond Bitcoin and ethereum to the U.S. market has increased, with multiple asset managers filing critical registration documents, even amid a period of U.S. government operational slowdown.

The speed of these filings suggests that issuers are preparing themselves to be ready for launch as soon as the SEC fully resumes operations and grants final approval. While the SEC had been operating with limited staff due to a recent government closure, the ongoing regulatory maneuvers confirm the high level of industry readiness for a new wave of altcoin investment products.

Also Read: Hong Kong Approves First Solana Spot ETF Ahead of Global Race