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.