- HBAR and LTC ETFs from Canary Capital approved to launch on Nasdaq.
- ETF approval triggered a bullish surge in Hedera and Litecoin prices.
- Institutional interest in Hedera has also risen significantly due to new global partnerships.
The long-awaited approvals for the Hedera and Litecoin spot ETFs mark a turning point for both assets.
With trading set to begin on Nasdaq, investor enthusiasm has reignited interest in HBAR and LTC, driving price gains as markets react to this historic development.
Breakthrough amid U.S. government shutdown
In an unexpected turn, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will begin trading on Nasdaq tomorrow.
The approvals came despite the ongoing U.S. government shutdown, which many assumed would halt all Securities and Exchange Commission (SEC) operations.
A recent procedural shift, however, allowed filings to take effect automatically after 20 days, enabling issuers to bypass direct SEC intervention.
Canary Capital CEO Steven McClurg said both ETFs met regulatory requirements and are ready to trade.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas verified that the NYSE and Nasdaq certified the required 8-A filings on October 8, the final step before shares can begin trading.
This sequence mirrors the approach used for prior spot crypto ETFs, including Bitcoin and Ethereum, but the timing during a government shutdown adds a dramatic twist to the rollout.
🚨NEW: @CanaryFunds spot $HBAR and $LTC ETFs are now effective and will begin trading on the NASDAQ tomorrow, according to CEO @stevenmcclurg.
“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum,” McClurg told me in a statement. “We look forward to… https://t.co/tPjsjLEE3R
— Eleanor Terrett (@EleanorTerrett) October 27, 2025
Hedera and Litecoin ETFs ignite market excitement
The green light for Hedera and Litecoin ETFs has energized the crypto market, sparking renewed optimism among investors who view these approvals as another step toward mainstream adoption.
Hedera’s native token, HBAR, rebounded strongly, trading around $0.21 at the time of writing and reclaiming key technical levels.
Notably, HBAR climbing above its 20-, 50-, 100- and 200-period exponential moving averages signals a decisive bullish shift.
Meanwhile, Litecoin is attempting to break a stubborn resistance near $100.
Following the ETF announcement, LTC briefly spiked above $100, reflecting heightened investor interest, though a sustained breakout has yet to be confirmed.
Technical indicators, including the Relative Strength Index (RSI) and MACD, suggest that a sustained move above $100 could mark the start of a broader bullish reversal for Litecoin.
Market data also show changes in trading behavior.
Hedera’s open interest has fallen from over $500 million earlier this year to roughly $163 million, indicating reduced speculative leverage.
This suggests the recent HBAR rally is being driven more by genuine spot demand than by leveraged futures trading, which is often a sign of healthier market growth.
Institutional momentum for Hedera builds
Beyond the ETF launch, recent institutional partnerships have strengthened Hedera’s long-term outlook.
The Hedera network was selected to participate in the Reserve Bank of Australia’s Project Acacia, which explores distributed ledger technology (DLT) for tokenized financial markets.
It was also chosen by the Bank of England for its DLT Challenge, further reinforcing Hedera’s positioning among established blockchain platforms with real-world use cases.
At the same time, asset manager T. Rowe Price filed for an actively managed crypto ETF that could include HBAR and LTC, signaling growing institutional confidence in these networks.
Collectively, these developments are seen as bolstering trust in both assets as regulated ETF exposure gains momentum.
What traders can expect
If the current momentum persists, Hedera’s price could test higher resistance zones near $0.25 and $0.28 in the coming weeks, while Litecoin may finally break the $100 ceiling that has capped its rallies for months.
Analysts note HBAR must hold above $0.21—now the immediate support—to sustain bullish momentum.
Similarly, Litecoin should remain above $99.67 for the $100 level to flip from resistance into support and validate a continued upward move.