- Canary Capital’s HBAR and LTC ETFs have been approved for listing on the Nasdaq.
- The ETF approvals have created positive momentum for Hedera and Litecoin prices.
- Institutional interest in Hedera has also risen significantly due to new global partnerships.
The long-awaited approvals for the Hedera ETF and the Litecoin ETF have arrived, marking an important milestone for both assets.
With trading set to begin on the Nasdaq, investor enthusiasm has driven renewed interest in HBAR and LTC and pushed prices higher as markets react to this development.
A breakthrough amid a U.S. government shutdown
In a surprising turn, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will begin trading on the Nasdaq tomorrow.
The approvals come despite an ongoing U.S. government shutdown that many expected would halt Securities and Exchange Commission (SEC) operations.
A recent procedural change allowed issuers to bypass direct SEC intervention by letting filings become effective automatically after 20 days.
According to Steven McClurg, CEO of Canary Capital, both ETFs have satisfied legal requirements and are ready to trade.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas confirmed that the NYSE and Nasdaq certified the required 8-A filings, the final step before shares can begin trading.
This follows the model used for earlier crypto spot ETFs, including those for Bitcoin and Ethereum, but the timing amid a government shutdown gives this rollout a particularly dramatic backdrop.
🚨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 spark market excitement
The approvals for Hedera and Litecoin ETFs have brought fresh optimism to the crypto market, with investors viewing the listings as another step toward mainstream adoption.
Hedera’s native token, HBAR, staged a strong recovery and was trading around $0.21 at the time of writing, reclaiming key 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 is attempting to overcome its persistent resistance around $100.
Following the ETF announcement, LTC briefly rose above $100, reflecting heightened investor interest, although a sustained breakout has yet to be 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 points to a change in trading behavior.
Hedera’s open interest has fallen from over $500 million earlier this year to about $163 million, indicating reduced speculative leverage.
This suggests HBAR’s recent rally has been driven more by genuine spot demand than by leveraged futures trading—often a sign of healthier market growth.
Institutional momentum for Hedera builds
Beyond the ETF listings, 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, which explores the use of distributed ledger technology (DLT) in tokenized financial markets.
Hedera was also chosen for the Bank of England’s DLT Challenge, further reinforcing its standing among credible blockchain platforms with real-world use cases.
Meanwhile, asset manager T. Rowe Price has filed an application for an actively managed crypto ETF that could include both HBAR and LTC, signaling growing institutional confidence in these networks.
These developments are being seen as a boost to the credibility of both assets at a time when regulated exposure through ETFs is gaining importance.
What traders should expect
If the current momentum continues, Hedera could test higher resistance zones around $0.25 and potentially $0.28 in the coming weeks, while Litecoin could finally break through the $100 level that has capped its rallies for months.
Some analysts note that HBAR needs to remain above $0.21—now an established near-term support—to sustain upward momentum.
Similarly, Litecoin must hold above roughly $99.67 for the $100 level to take hold and confirm a breakout.
Traders should watch volume, open interest, and key technical indicators for confirmation of any sustained trend changes.