- Canary Capital’s HBAR and LTC ETFs approved for launch on Nasdaq.
- ETF approvals have sparked a bullish surge in Hedera and Litecoin prices.
- Institutional interest in Hedera has also risen significantly with new global partnerships.
The long-awaited approvals for the Hedera and Litecoin spot ETFs have arrived, marking a pivotal moment for both assets.
As trading prepares 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 major breakthrough amid a U.S. government shutdown
In a surprising development, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will launch tomorrow on the Nasdaq.
The approvals come despite the ongoing U.S. government shutdown, which many assumed would halt all activity at the Securities and Exchange Commission (SEC).
However, a procedural change allowed issuers to bypass direct SEC intervention by enabling filings to become effective automatically after 20 days.
According to Canary Capital CEO Steven McClurg, both ETFs have met all legal requirements and are ready to begin trading.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas confirmed that the New York Stock Exchange and Nasdaq have certified the required Form 8-A filings, the final step before shares can start trading.
This move follows the model used for earlier spot crypto ETFs, including Bitcoin and Ethereum funds, but carries extra significance given the 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 enthusiasm
The green light for Hedera and Litecoin spot ETFs has energised the cryptocurrency market, creating renewed optimism among investors who view the approvals as another step toward mainstream adoption.
Hedera’s native token, HBAR, has staged a strong recovery, trading around $0.21 at the time of publication and reclaiming key technical levels.
Notably, HBAR’s move above its 20, 50, 100 and 200 exponential moving averages signals a decisive bullish shift.
Meanwhile, Litecoin is attempting to overcome its stubborn resistance near the $100 level.
LTC briefly surged above $100 following the ETF announcement, reflecting increased 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 shows a change 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—often a healthier sign of market growth.
Institutional momentum grows for Hedera
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 Project Acacia, which explores distributed ledger technology (DLT) use cases in tokenised financial markets.
Hedera was also chosen by the Bank of England for its DLT Challenge, further cementing its standing among credible blockchain platforms with real-world use cases.
Meanwhile, asset manager T. Rowe Price has filed for an actively managed crypto ETF that could include both HBAR and LTC, signalling growing institutional confidence in these networks.
These developments are widely seen as reinforcing the credibility of both assets at a time when regulated ETF exposure is gaining traction.
What traders should expect
If the current momentum persists, Hedera’s price could test higher resistance zones near $0.25 and even $0.28 in the coming weeks, while Litecoin may finally break the $100 ceiling that has capped its rallies for months.
Analysts note that Hedera (HBAR) needs to hold above $0.21—now established as immediate support—for bullish momentum to build.
Likewise, Litecoin (LTC) must stay above $99.67 for the $100 level to become a confirmed floor and support further upside.