Crypto: Canary Capital Launches First Litecoin (LTC) and Hedera (HBAR) ETF in the United States
More and more crypto ETFs. Since the approval of the first Bitcoin ETFs in January 2024, these exchange-traded funds have been very successful in the United States, and this inevitably gives ideas to managers such as BlackRock, Fidelity & Co. Thus, many other crypto-based ETF applications have been filed with the SEC. and some are starting to be approved. This Tuesday, October 28, for example, marks the launch of two new financial products based on Litecoin (LTC) and Hedera (HBAR) offered by Canary Capital.
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- Canary Capital has launched the first ETF based on Litecoin and Hedera Hashgraph after receiving approval from the SEC.
- These ETFs are listed on Nasdaq and give investors direct exposure to these altcoins without having to buy them directly.
Canary Capital launches first crypto ETF on LTC and HBAR
Canary capital therefore, it received the long-awaited approval DRY run it ETFs based on Litecoin (LTC) AND Header Hashgraph (HBAR). The two funds are officially listed at Nasdaqwhich is an important step in the institutional adoption of cryptocurrencies and especially altcoins.
On the same principle as others already present on the market, these ETFs provide investors with direct exposure Litecoin AND Hashgraph Headerwithout having to buy or manage cryptocurrencies themselves. They are intended for follow THE performance of their underlying assets, which allows traditional investors to participate in the market crypto through well-known, easy-to-manage investment instruments.
A world first for these two altcoins
Although the market has seen its emergence several crypto ETFs it is the first time in recent years Litecoin AND HBAR are offered in this form to American investors. This could attract a new one tide of capital towards these two networks, thereby increasing their visibility and theirs adoption.
According to data from CoinmarketCap Litecoin it currently ranks as the 30th largest cryptocurrency by market capitalization, while HBAR occupies the 26th position. The introduction of these ETFs could strengthen their market position by facilitating access for investors institutional AND individuals.
Canary capital he’s not the only actor benefiting from the recent opening DRY. Other financial giants like Grayscalealso announced the imminent launch of their own ETFs, notably for Solana (SOL). These movements indicate a tendency clear: crypto ETFs are becoming a an essential financial product.
Despite the US government shutdown, DRY continues to approve Crypto ETFswhich marks a turning point in the regulation of these digital assets. ETF approval Canary capital for Litecoin and HBAR it fits dynamicwhich paves the way for more similar products in the near future.
With the launch of these two new ETFs Canary capital joins the pioneers who are transforming the financial landscape by integrating cryptocurrencies into traditional investment products. For investors, this means more options and easier access to a market that, while volatile, continues to grow in popularity. And this is true in the United States, as in other countries around the world.