Haciyev Reşit 
Crypto-focused investment firm Canary Capital has made significant updates to its spot ETF applications for Litecoin (LTC) and Hedera (HBAR). The company announced that it has finalized the official stock tickers and management fee structures in the documents submitted to the U.S. Securities and Exchange Commission (SEC).
This development is seen as the latest strategic step in Canary’s efforts to launch new crypto investment products on Nasdaq.
Fees Set for the ETFs
According to the updated SEC filings, both the Litecoin (LTC) ETF and the Hedera (HBAR) ETF will charge a 0.95% management fee. This rate is in line with other crypto ETFs on the market, aiming to provide investors with competitive cost conditions.
Canary Capital emphasizes transparency and accessibility in its crypto-based ETFs, targeting institutional investor interest. Company representatives stated that this update is a key step toward creating strong, fully compliant products that meet investor expectations.
Litecoin and Hedera: Different Technologies, Shared Goals
Both cryptocurrencies have distinct technological infrastructures and use cases:
- Litecoin (LTC): A Proof-of-Work cryptocurrency based on the Bitcoin protocol, known for fast transaction confirmation times.
- Hedera (HBAR): A network operating on Hashgraph-based distributed ledger technology, offering enterprise-grade scalability.
Canary Capital notes that this diversity provides investors with varied risk profiles and growth potential, facilitating portfolio diversification.
SEC and Regulatory Process: A New Era for Crypto ETFs
Canary’s move also responds to recent changes in SEC listing review standards. The previous 19b-4 filing model for ETF approvals has been replaced with more detailed S-1 form examinations.
This shift gives proactive firms like Canary an advantage, allowing them to receive SEC feedback early, adjust their filings accordingly, and prepare for potential Nasdaq listings in advance.
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