Canary Capital’s Cryptocurrency ETFs Get a Nod from Nasdaq – Will They Soon Be Trading? đŸ€”

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In a world obsessed with shiny digital fortunes, Canary Capital marches boldly-like a merchant in a bustling market-filing papers on October 27th to bring two new cryptocurrency ETFs to the grand stage of Nasdaq. Yes, they’re after the coins again, this time with Litecoin and HBAR, both wrapped up in their Delaware trust disguises. Because nothing screams stability like a fancy legal wrapper, right? 🎭

Our heroes-Litecoin, with its 1.3% 24-hour tumble and a market cap towering at $7.68 billion, and HBAR, with its own stories and dreams-are knocking on Nasdaq’s door. The filings even mention “approved applications,” which is a fancy way of saying, “Hey, we’re trying to get in the club!” They’ve been busy with paperwork, filing Form 8-A, under the ever-mysterious Section 12(b), because apparently, the SEC loves to keep us guessing whether the show will start today or next week. đŸ•°ïž

Meanwhile, the filings say Nasdaq has given a thumbs-up-because what’s a party without an approval, right? Litecoin’s document was born on October 15, 2024, and HBAR’s came around November 12, 2024, with the latest tweaks-amendments-happening as recently as October 7, 2025. The saga continues! 🎱

In the grand tradition of “why not,” Canary just filed 8-As for Litecoin and HBAR ETFs, joining the ragtag crew including Bitwise for Solana. Rumor has it they’re all gearing up to launch despite the shutdown chaos, with Grayscale also eyeing Solana. Not a done deal-more like a “stay tuned” moment that makes you wonder if they’re trying to outdo each other in the race to the digital gold rush. 🏁

– Eric Balchunas (@EricBalchunas) October 27, 2025

ETFs on the Horizon and the Circus of Market Madness đŸŽȘ

As October rolls deeper into the chaos, the SEC, that enigmatic gatekeeper, has stopped delaying and started nodding-a rare moment of clarity-lifting the shadow of doubt over proposals linked to Solana, XRP, and other digital tokens. The wave of approvals for listing standards in September has stirred the pot, as institutions eager to dip their toes into the crypto pool look on with anticipation.

Among the hopefuls: a parade of spot XRP ETF applications, all waiting in the wings, as big players like the colossal Bitcoin and others gather momentum. Blockchain data whispers of accumulation, as those with deep pockets hoard for what’s next, dreaming of a launch that could turn the tide. 🌊

But hold your horses-the SEC still holds the magic wand, and until they declare the S-1 registration effective, these digital dream boats won’t hit the Nasdaq waters. The regulators keep watch, wary of market manipulation and chaos-because what’s a crypto adventure without a little risk? 🚀

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2025-10-28 01:00