Asset manager Canary Capital has submitted S-1 amendments for its proposed Litecoin (LTC) and Hedera (HBAR) spot exchange-traded funds (ETFs). According to Bloomberg analysts, these revisions represent one of the final steps before a potential regulatory green light.
The update arrives during a volatile month for Litecoin. A positive Securities and Exchange Commission (SEC) decision could unlock substantial institutional inflows and accelerate the price rally.
SponsoredWill a Litecoin ETF Finally Launch in 2025?
The filings, dated October 7, 2025, outline a 0.95% management fee for each fund. Bloomberg’s senior ETF analyst Eric Balchunas emphasized that the fee appears steep compared to existing spot Bitcoin ETFs. Yet, it remains typical for funds entering newer or more specialized markets.
“That said, if there’s flows other issuers will no doubt come and Terrordome that sht with cheaper products,” he added.
Canary Capital also revealed the proposed ticker symbols — LTCC for the Litecoin ETF and HBR for the Hedera ETF. Balchunas and James Seyffart highlighted that such details are typically the last elements revised prior to potential launch.
“Canary just filed S-1 amendment for Litecoin and HBAR spot ETFs and they include the fees (95bps each) and the tickers (LTCC and HBR). which is typically the last thing updated bf go-time,” Balchunas stated.
Balchunas also added that with the current US government shutdown, the timing of the SEC’s review process could be uncertain.
Despite this, market optimism about a potential Litecoin ETF remains high. On Polymarket, a prediction platform, traders have assigned a 96% probability of the product getting approval by the end of 2025.
If approved, the ETF could mark a major milestone for Litecoin. It could be a major catalyst that can likely reinforce market demand and initiate a price rally amid October’s price swings.
SponsoredLitecoin Poised for Q4 Price Rally Amid ETF Optimism and Bullish Signals
BeInCrypto Markets data showed that last week, Litecoin briefly surged to a six-week high before retreating, erasing part — but not all — of its recent gains. So far this year, Litecoin has shown mixed performance.
While it hasn’t been among the market’s top performers, it has also not been the worst. At press time, LTC was trading at $115.7, down 2.55% over the past 24 hours.
Nonetheless, besides the ETF optimism, seasonal factors also continue to support the coin’s growth outlook. Historical data indicate Q4 has been predominantly bullish, with LTC closing in the red only four times over the past 12 years.
SponsoredWhile October returns are typically modest, November stands out as the strongest month, averaging 148.1% gains.
From a technical standpoint, an analyst pointed to an inverse head-and-shoulders pattern on LTC’s chart. This is a bullish reversal pattern commonly used in technical analysis to predict a potential change from a downtrend to an uptrend.
Thus, the signals indicate that Litecoin could be well-positioned for renewed momentum heading into the final quarter of the year.
