Canary Capital Launches First Litecoin and HBAR ETFs on Nasdaq
Digital asset manager Canary Capital has announced the launch of the first U.S.-based exchange-traded funds (ETFs) tracking Litecoin (LTC) and Hedera Hashgraph (HBAR). The two products — Canary Litecoin ETF and Canary HBAR ETF — officially debut on the Nasdaq exchange on October 28.
A milestone for crypto investment products
The launch positions Canary Capital as the first firm in the United States to offer ETFs tied to Litecoin and HBAR, expanding institutional access beyond Bitcoin and Ethereum. These funds allow investors to gain exposure to alternative digital assets through traditional brokerage accounts, without directly managing cryptocurrencies.
“This is another landmark moment in what has been a pivotal year for the crypto industry,” said **Steven McClurg**, CEO and founder of Canary Capital. “We’re proud to deliver registered and regulated vehicles that open up new ways for investors to participate in digital assets.”
Timing and market context
The rollout comes amid a period of increased optimism in the crypto sector, as regulators gradually approve more exchange-traded products linked to digital currencies. Earlier in 2025, the U.S. Securities and Exchange Commission (SEC) approved multiple Bitcoin and Ethereum ETFs, paving the way for diversified offerings.
Canary’s Litecoin and HBAR ETFs follow the same format — physically backed, spot-based funds that directly hold the underlying assets rather than futures contracts. This structure aims to provide investors with clearer price correlation and lower management complexity.
Regulatory backdrop and SEC delays
Before the recent partial government shutdown in early October, several crypto-related ETFs were awaiting SEC approval. However, the agency’s operations have been limited under the current “shutdown plan,” with many employees on temporary leave, slowing the approval process.
Despite these obstacles, Canary Capital managed to secure clearance for its filings, positioning itself ahead of competing asset managers.
Expanding access beyond Bitcoin and Ethereum
Analysts note that Litecoin and Hedera Hashgraph represent different segments of the crypto market — Litecoin as one of the earliest payment-focused networks, and Hedera as a next-generation enterprise-grade distributed ledger. By offering ETFs on both, Canary is catering to a growing class of investors seeking diversified exposure within the blockchain sector.
Industry reaction and future outlook
The announcement was met with enthusiasm among market participants. Proponents argue that the expansion of crypto ETFs helps legitimize digital assets in the eyes of institutional investors. Others warn that broader access could amplify volatility if retail inflows spike.
Still, Canary Capital’s debut marks a critical moment in the evolution of U.S. crypto finance. As more digital asset ETFs enter the market, traditional investors gain an increasingly sophisticated gateway into the blockchain economy.
Editorial Team — CoinBotLab