Canary Capital has filed updated S-1 registration statements for its proposed spot Litecoin and Hedera exchange-traded funds, suggesting that both products are edging closer to approval.
The filings, submitted on October 7, 2025, confirm a 0.95% sponsor fee and reveal that each ETF will directly hold its underlying tokens, with regulated custodians BitGo and Coinbase managing custody.
Net asset values will be calculated daily using aggregated data from multiple exchanges around 4 p.m. ET. While the sponsor fee is higher than the typical 0.2%–0.5% charged by spot Bitcoin ETFs, analysts view it as standard for niche or emerging crypto assets.
The amended filings follow the SEC’s missed decision deadline for the Litecoin ETF, attributed to the ongoing U.S. government shutdown.
Despite the delay, Canary’s continued submissions indicate that it is making final preparations for approval once regulatory operations return to normal.
You need to login in order to Like
Leave a comment