• Canary Capital submitted an S-1 registration to the HBAR ETF in November
• Bloomberg ETF analyst Eric Balknath stated HBAR and Litecoin had been in “pole place” of their AltCoin ETF submitting

NASDAQ has filed the 19B-4 kind with the U.S. Securities and Change Fee (SEC) to checklist and commerce the Hedera HBAR Change Transaction Fund (ETF).

Submitting is being carried out on behalf of the Canary capital, and this can be a time of rising curiosity in cryptographic ETFs.

The most recent submission was submitted shortly after the launch of HBAR Belief following the HBAR ETF’s S-1 registration final November.

In a put up on X, Eric Bulknas, senior analyst at Bloomberg ETF, stated HBAR and Litecoin have the perfect probability of approval from the SEC, “in pole place in Altcoin ETF’s present submitting.” I’ve stated that.

Canary submitted a 19B-4 for the HBAR ETF. This comes with their heels fixing the S-1 final week (i.e., the SEC gave HBAR and Litecoin a remark that gave the perfect odds and pole place within the present Alt Coin ETF submitting) pic.twitter.com/qxjihewbny

– Eric Balchunas (@ericbalchunas) February 24, 2025

Litecoin ETF

The most recent submission for NASDAQ comes as I filed the 19B-4 type of Canary Litecoin ETF in January, following the heels of the S-1 kind to the SEC.

Strikes from each firms emphasize that after the profitable launch of US Bitcoin and Ethereum ETFs in 2024, they’ll develop curiosity in varied crypto ETFs. Different Altcoin ETFs for operating embody Dogecoin, Solana, and XRP.

Given the truth that Litecoin circumvented the SEC challenge, Balchunas and Bloomberg ETF analyst James Seyffart believes that Litecoin ETF would be the subsequent one to obtain SEC approval.

Canary capital, keen to offer traders with a wide range of crypto publicity, can be utilized to XRP ETFs. Nevertheless, it faces competitors with 21 shares, Bitwise, Canary capital, WisdomTree and others.