Canary Capital Races to Launch First Litecoin and HBAR ETFs

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Capitalizing on clarified SEC procedures, Canary Capital is launching the first US ETFs for Litecoin and HBAR this Tuesday.

The move follows recent SEC guidance that allows funds to file a final S-1 registration without a “delaying amendment,” effectively creating a fast-track path to market after a 20-day effective period.

Canary cemented the launch by filing the necessary Form 8-A for both funds on Monday.

This regulatory maneuver has opened the door for a series of new crypto products, with Grayscale’s Solana Trust ETF expected to follow on Wednesday, marking a rapid expansion of the crypto ETP universe.