{"id":37212,"date":"2025-02-24T16:00:58","date_gmt":"2025-02-24T13:00:58","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37212"},"modified":"2025-02-24T15:08:23","modified_gmt":"2025-02-24T12:08:23","slug":"canarys-new-altcoin-spot-etf-application","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/","title":{"rendered":"Canary&#8217;s New Altcoin Spot ETF Application!"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/canary-capital-launches-axelar-trust-axl-surges-nearly-13\/\"><strong>Canary<\/strong><\/a>, which has been in the spotlight lately with several<strong> ETF applications<\/strong>, has made a surprise spot<strong> ETF application<\/strong> for an altcoin.<\/p>\n<p data-start=\"0\" data-end=\"275\">In the cryptocurrency market, significant developments are unfolding, particularly regarding <strong>Bitcoin and other digital assets<\/strong> being presented as investment vehicles. <strong>Canary Capital<\/strong> stands out as an active player in the <strong>exchange-traded funds (ETFs)<\/strong> space for cryptocurrencies.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#The_State_of_Crypto_ETF_Applications_and_Investor_Interest\" title=\"The State of Crypto ETF Applications and Investor Interest\">The State of Crypto ETF Applications and Investor Interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#Which_Altcoin_Did_Canary_Apply_for_Spot_ETF_This_Time\" title=\"Which Altcoin Did Canary Apply for Spot ETF This Time?\">Which Altcoin Did Canary Apply for Spot ETF This Time?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"277\" data-end=\"339\"><span class=\"ez-toc-section\" id=\"The_State_of_Crypto_ETF_Applications_and_Investor_Interest\"><\/span>The State of Crypto ETF Applications and Investor Interest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"341\" data-end=\"622\">Interest in cryptocurrency ETFs is increasing as they offer investors easier access to digital assets while providing regulatory security. The acceptance of some crypto ETF applications by the SEC has contributed to reducing regulatory uncertainty and boosting investor confidence.<\/p>\n<p data-start=\"624\" data-end=\"897\">Specifically, ETF applications for altcoins like <strong>Litecoin and Solana<\/strong> are considered highly likely to be approved. Analysts predict a <strong>90% chance of Litecoin ETFs getting approved, with Solana and XRP ETFs<\/strong> expected to have approval probabilities of 70% and 65%, respectively.<\/p>\n<h2 data-start=\"899\" data-end=\"957\"><span class=\"ez-toc-section\" id=\"Which_Altcoin_Did_Canary_Apply_for_Spot_ETF_This_Time\"><\/span>Which Altcoin Did Canary Apply for Spot ETF This Time?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"959\" data-end=\"1367\"><strong>Canary Capital<\/strong> has caught the attention of the crypto investment world by filing a <strong>spot ETF application for HBAR,<\/strong> the native cryptocurrency of the <strong>Hedera network<\/strong>. This application reflects the growing demand for a product that allows investors to gain direct exposure to HBAR. <strong>Canary Capital<\/strong> aims to offer HBAR as an investment vehicle and provide investors with a secure way to invest in this digital asset.<\/p>\n<p data-start=\"1369\" data-end=\"1792\" data-is-last-node=\"\" data-is-only-node=\"\">The popularity of spot <strong>ETFs<\/strong>, especially following the approval of <strong>ETFs<\/strong> for major cryptocurrencies like <strong>Bitcoin and Ethereum<\/strong>, has been increasing. Therefore, Canary\u2019s application for a spot ETF for HBAR could further raise investor interest in the space. The <strong>Hedera (HBAR) network\u2019s<\/strong> fast transaction confirmations and low fees make it stand out from other blockchain projects, making HBAR an attractive option for investors.<\/p>\n<hr \/>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canary, which has been in the spotlight lately with several ETF applications, has made a surprise spot ETF application for an altcoin. In the cryptocurrency market, significant developments are unfolding, particularly regarding Bitcoin and other digital assets being presented as investment vehicles. Canary Capital stands out as an active player in the exchange-traded funds (ETFs)<\/p>\n","protected":false},"author":29,"featured_media":37214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,9648,1585,105,940,12088],"class_list":["post-37212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-canary-capital","tag-etf-applications","tag-ethereum","tag-hbar","tag-hedera-hbar-network"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canary&#039;s New Altcoin Spot ETF Application! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canary&#039;s New Altcoin Spot ETF Application! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Canary, which has been in the spotlight lately with several ETF applications, has made a surprise spot ETF application for an altcoin. In the cryptocurrency market, significant developments are unfolding, particularly regarding Bitcoin and other digital assets being presented as investment vehicles. Canary Capital stands out as an active player in the exchange-traded funds (ETFs)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T13:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T12:08:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/\",\"name\":\"Canary's New Altcoin Spot ETF Application! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg\",\"datePublished\":\"2025-02-24T13:00:58+00:00\",\"dateModified\":\"2025-02-24T12:08:23+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"etf\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canary&#8217;s New Altcoin Spot ETF Application!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canary's New Altcoin Spot ETF Application! - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/","og_locale":"en_US","og_type":"article","og_title":"Canary's New Altcoin Spot ETF Application! - Coin Engineer","og_description":"Canary, which has been in the spotlight lately with several ETF applications, has made a surprise spot ETF application for an altcoin. In the cryptocurrency market, significant developments are unfolding, particularly regarding Bitcoin and other digital assets being presented as investment vehicles. Canary Capital stands out as an active player in the exchange-traded funds (ETFs)","og_url":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/","og_site_name":"Coin Engineer","article_published_time":"2025-02-24T13:00:58+00:00","article_modified_time":"2025-02-24T12:08:23+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg","type":"image\/jpeg"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/","url":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/","name":"Canary's New Altcoin Spot ETF Application! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg","datePublished":"2025-02-24T13:00:58+00:00","dateModified":"2025-02-24T12:08:23+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/etf_ce-1.jpg","width":1920,"height":1080,"caption":"etf"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/canarys-new-altcoin-spot-etf-application\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Canary&#8217;s New Altcoin Spot ETF Application!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/37212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=37212"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/37212\/revisions"}],"predecessor-version":[{"id":37215,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/37212\/revisions\/37215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/37214"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=37212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=37212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=37212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}