Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down.
Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which each added a fee of 0.95% and the tickers LTCC and HBR.
Bloomberg ETF analyst Eric Balchunas said in an X post on Tuesday that the additions are “typically the last thing updated [before] go-time.”
He added that with the US government shut down and the Securities and Exchange Commission largely dark, it’s unknown when they’d be approved, but the filings “look pretty finalized to me.”
Fellow Bloomberg ETF analyst James Seyffart also thought the amendments are a good…more
Source cointelegraph.com
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