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Canary Capital is set to make history this week as it brings two new crypto-linked exchange-traded funds (ETFs) to the U.S. market.
The investment firm announced plans to launch the Canary Litecoin ETF and the Canary HBAR ETF on Tuesday, both of which will begin trading on the Nasdaq.
“These launches mark another landmark moment in what has been a pivotal year for the digital asset industry,” said Steven McClurg, CEO and founder of Canary Capital. “We’re proud to expand access to registered crypto investment products for traditional investors.”
The rollout comes shortly after the U.S. Securities and Exchange Commission (SEC) provided new guidance clarifying procedures for firms seeking to list ETFs following the recent government shutdown. The SEC’s notice allows companies to file S-1 registration statements without adding a “delaying amendment”, a clause that typically pauses automatic approval after 20 days.
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According to filings, Canary Capital submitted Form 8-A documents earlier on Monday for both the Litecoin and HBAR ETFs, a required step before listing on a public exchange.
The new products will be the first ETFs in the U.S. to track Litecoin (LTC) and Hedera’s HBAR token, both of which rank among the top 30 cryptocurrencies by market capitalization.
Their arrival follows months of anticipation surrounding the next wave of crypto investment products. Ahead of the recent government shutdown, the SEC had approved several listing standards that could fast-track the debut of numerous crypto ETFs.
The Grayscale Solana Trust ETF is also expected to launch later this week, according to people familiar with the matter.
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