Canary Capital to launch first US ETFs tracking Litecoin and HBAR on Nasdaq on Tuesday

Canary Capital is set to debut the Canary Litecoin ETF and the Canary HBAR ETF on Nasdaq on Tuesday, marking the first US exchange-traded funds tracking these specific digital assets. CEO Steven McClurg stated this fulfills the firm's mission to bring registered crypto investment solutions to the public. The launches follow recent SEC guidance clarifying procedures for firms seeking to go public after a government shutdown, allowing them to file without a delaying amendment. Canary Capital filed the necessary Form 8-A registrations on Monday for both ETFs. Litecoin and HBAR are among the top 30 cryptocurrencies by market capitalization, with Litecoin offering fast, low-cost transactions and HBAR being the native token for the Hedera network utilizing the Hashgraph consensus algorithm.

(Source：The Block)