Canary Capital’s New ETF Moves Make Wall Street Cry? Seriously?!

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Alright, so Canary Capital, the asset management whiz, decides to file some paperwork with the SEC-because nothing screams ‘rush’ like a couple of 8-A forms for Litecoin and Hedera ETFs. Yep, they’re jumping into the crypto ETF pool, and it’s not like anyone’s asking them to.

Bloomberg’s finest, Eric Balchunas, drops some news on X (yeah, still calling it that), showing off the official SEC filings made on October 7, 2025. And guess what? They’re eyeing a launch-wait for it-tomorrow! Because timing is everything when the SEC drags its feet, right? 🤔

Canary’s just filing these forms for Litecoin and HBAR ETFs, joining the circus with Bitwise doing the same for Solana. Rumor has it, they might try to debut these shows this week-shut down or not-while we all watch in disbelief. The industry is like, “Yeah, sure, let’s do it.” 🎪

– Eric Balchunas (@EricBalchunas) October 27, 2025

And here’s the kicker-Eric isn’t just guessing. He’s saying these ETFs are probably launching on October 28, 2025. Like, someone’s got a crystal ball, or maybe a really good insider. Meanwhile, Bitwise is also queuing up for a Solana ETF, because why not multi-task when the SEC’s busy playing hard to get?

Earlier, Canary tried to get a LTC ETF approved back in September, with a tiny fee of 0.95%. But surprise, surprise-the SEC missed its deadline. Now, we’re all just waiting on their verdict, which was supposed to be in October but got pushed to November. So, basically, it’s waiting game-unless you’ve got a magic lawyer.

Market Snapshot-Because Who Doesn’t Love Numbers?

Litecoin is hanging around at $102.56, up 2.42% today-because why not? Market cap’s sitting pretty at about $7.84 billion, with a 24-hour trading volume of roughly $823 million-up, of course. Circulating supply? 76.49 million LTC, out of 84 million total, and just over 103K holders counting their gains.

Hedera’s doing a little dance at $0.18, up 2.39%. Market cap near $7.76 billion, and volume sits at around $240 million-because who needs consistency? Total supply of HBAR is a massive 50 billion, with about 19K holders clinging to their hope.

The ETF Fever – Because Why Not Add More Chaos?

Everyone’s getting in on the crypto ETF craze, even with Uncle Sam’s government playing hide and seek. It’s like a race to the finish line, except the finish line keeps moving. These filings? They’re basically saying, “Here we go, ready when you are, SEC…or maybe not.”

It’s all about readiness, folks. The industry’s not exactly subtle, preparing for a wave of altcoin ETFs to crash the party. So, stay tuned-because this circus isn’t ending anytime soon, and the SEC? Well, they’re just the bouncers trying to keep the caos in check.

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2025-10-28 00:30