Analyst: Cryptocurrency Spot ETFs for LTC, HBAR, and Others Have Been "Close to Approval"

BlockBeats News, October 8th, according to The Block, a new filing for a trading platform exchange-traded fund (ETF) tracking HBAR has disclosed key details, with analysts suggesting that this may indicate the ETF is gradually approaching approval by the U.S. Securities and Exchange Commission (SEC).

On Tuesday, Canary Capital filed an amended registration statement for its Canary HBAR ETF, disclosing that its trading symbol is HBR and specifying a 0.95% sponsor fee. The company is also developing a Litecoin (LTC) ETF, with the trading symbol LTCC and a similar 0.95% sponsor fee.

Bloomberg Senior ETF Analyst Eric Balchunas stated that these details are typically the final updates before "going live." Compared to a spot Bitcoin ETF, the 0.95% fee is considered "high," but for assets that are new to the ETF space and increasingly niche, this higher fee is "quite normal."

Bloomberg Intelligence Analyst James Seyffart expressed a similar view: "Feels like the LTC and HBAR ETFs are close to the finish line."