According to the source, Canary filed S-1 amendments on Oct 7, 2025 for proposed Litecoin (LTC) and Hedera (HBAR) spot ETFs, setting a 0.95% fee and reserving tickers LTCC and HBR. According to Eric Balchunas of Bloomberg, such S-1 amendments are typically the final step before launch, putting the focus on SEC effectiveness as the remaining trigger. According to the source and Eric Balchunas, traders should watch SEC effectiveness notices and exchange listing updates as near-term catalysts for LTC and HBAR price and liquidity.

According to @EricBalchunas, Canary filed S-1 amendments for spot Litecoin and Hedera ETFs that now include a 0.95 percent expense ratio for each fund and the proposed trading tickers LTCC and HBR, which is a concrete step typically seen late in the registration process, source: @EricBalchunas on X Oct 7, 2025. According to @EricBalchunas, he adds that fees and tickers are usually the last items updated before launch while cautioning that timing could still be affected by a government shutdown, indicating the documents appear largely finalized but the listing schedule remains uncertain, source: @EricBalchunas on X Oct 7, 2025. According to the source, the stated 0.95 percent fee is materially higher than leading US spot Bitcoin ETFs such as IBIT at 0.25 percent, FBTC at 0.25 percent, and HODL at 0.20 percent, a cost gap that could influence investor demand and secondary market spreads if approvals follow, source: iShares IBIT official site fee disclosure, Fidelity FBTC official site fee disclosure, VanEck HODL official site fee disclosure. According to the source, traders in LTC and HBAR can frame short term positioning around potential headline risk from US ETF filing milestones and fee competitiveness relative to existing crypto ETFs, with a focus on liquidity, depth, and intraday volatility as filings progress, source: @EricBalchunas on X Oct 7, 2025 and issuer fee disclosures cited above.