- The launch of Canary Capital’s HBAR and LTC ETFs has been approved for the Nasdaq.
- The ETF approvals sparked a bullish surge in Hedera and Litecoin prices.
- Institutional interest in Hedera has also risen significantly due to new global partnerships.
The long-awaited approval for both the Hedera and Litecoin spot ETFs has arrived, marking a pivotal moment for both assets.
With trading set to begin on the Nasdaq, investor enthusiasm has reignited interest in HBAR and LTC, driving prices higher as markets react to this milestone development.
A breakthrough amid a U.S. government shutdown
In a surprising turn of events, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will begin trading on the Nasdaq tomorrow.
The approvals came despite the U.S. government shutdown, which many expected would halt all operations at the Securities and Exchange Commission (SEC).
However, a recent procedural change has allowed issuers to let their filings take effect automatically after 20 days, avoiding direct SEC intervention.
According to Canary Capital CEO Steven McClurg, both ETFs met all legal requirements and are ready to trade.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas confirmed that the NYSE and Nasdaq have certified the required 8-A filings, the final step before shares can begin trading.
This development follows the model used for previous spot crypto ETFs, including those for Bitcoin and Ethereum, but stands out because of its timing during a government shutdown.
🚨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 approvals have injected fresh momentum into the crypto market, fueling renewed optimism among investors who view this as another major step toward mainstream adoption.
Hedera’s native token, HBAR, rallied strongly, trading around $0.21 at the time of publication and reclaiming critical technical levels.
Notably, HBAR’s move above its 20-, 50-, 100- and 200-period exponential moving averages signals a decisive bullish shift.
At the same time, Litecoin’s price is attempting to break through the stubborn $100 resistance level.
LTC briefly climbed above $100 after the ETF announcement, reflecting heightened investor interest, though a sustained breakout has not yet been confirmed.
Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that a sustained move above $100 could mark the start of a broader bullish reversal for Litecoin.
Market data also show shifts in trading behavior.
Hedera’s open interest fell from over $500 million earlier this year to around $163 million, indicating reduced speculative leverage.
This suggests the recent HBAR rally is more driven by genuine spot demand than by leveraged futures trading — often a sign of healthier market growth.
Hedera builds on institutional momentum
Beyond the ETF launch, recent institutional partnerships have strengthened Hedera’s long-term outlook.
The network was selected to participate in the Reserve Bank of Australia’s Acacia project, exploring the use of distributed ledger technology (DLT) in tokenized financial markets.
Hedera was also chosen for the Bank of England’s DLT Challenge, reinforcing its position among blockchain platforms with credible, real-world use cases.
Meanwhile, asset management giant T. Rowe Price has filed for an actively managed crypto ETF that could include both HBAR and LTC, signaling growing institutional confidence in these networks.
These developments are seen as enhancing the credibility of both assets as regulated ETF exposure gains traction.
What traders should expect
If current momentum holds, Hedera could test higher resistance zones near $0.25 and potentially $0.28 in the coming weeks, while Litecoin may finally clear the $100 ceiling that capped its rallies for months.
Analysts note that Hedera (HBAR) needs to remain above $0.21, which has been identified as immediate support, for bullish momentum to develop further.
Similarly, Litecoin (LTC) must stay above $99.67 for the $100 level to establish itself as a new support and confirm a breakout.