Analysts: Spot ETFs for LTC, HBAR and other crypto assets are "close to approval"

On October 8, The Block reported that a new filing tracking the HBAR trading platform's exchange-traded fund (ETF) disclosed key details, and analysts say this may indicate that the fund is gradually approaching approval from the U.S. Securities and Exchange Commission (SEC). On Tuesday, Canary Capital submitted a revised registration statement for its Canary HBAR ETF, disclosing its trading code as HBR and specifying a 0.95% sponsor fee. The company is also developing a Litecoin (LTC) ETF with the trading code LTCC, which also has a sponsor fee of 0.95%. Bloomberg senior ETF analyst Eric Balchunas stated that these details are usually the last updates before a 'formal launch'. Compared to the spot Bitcoin ETF, the 0.95% fee is 'on the high side', but for assets that are just entering the ETF space and are becoming increasingly niche, such higher fees are 'quite normal'. Bloomberg Intelligence analyst James Seyffart expressed a similar view: 'It feels like the LTC and HBAR ETFs are already close to the finish line.'