• Canary Capital’s revised S-1 filings covering spot LTC and HBAR ETFs contain 95 bps sponsor fees.
• Litecoin is currently priced at $117.07, falling 0.87%, with $2.26 billion volume and $8.94 billion market cap as
• LTC breaks out of a symmetrical triangle, eyeing a potential surge toward $280.

Litecoin (LTC) is drawing strong market attention as Canary Capital moves closer to launching the first-ever spot Litecoin ETF, despite ongoing delays from the U.S. government shutdown affecting SEC approvals. The company’s revised S-1 submissions have unveiled key ETF information, fueling chatter on institutional uptake and Litecoin’s next gigantic price shift.

Currently, LTC is trading at $117.07, recording a drop of 0.87% over the last 24-hour period. The asset maintains a $2.26 billion volume of investors and a market cap valued at $8.94 billion, which accounts for 0.22% of the total crypto market.

Canary Capital Updates Spot Litecoin and Hedera ETF Filings

Canary Capital, a rising cryptocurrency investment firm, has modified its S-1 submissions with the United States Securities and Exchange Commission (SEC) on both the Litecoin and Hedera spot ETFs. In the revised filing, the sponsor fees came into play at 95 basis points (bps) per ETF.

Bloomberg ETF analyst Eric Balchunas noted that such fees are a little bit more expensive compared to the spot Bitcoin ETFs, yet normal among new market entrants into growing crypto spaces. Canary’s suggested ETF ticker designations have also been approved, with LTCC as the ticker for Litecoin and HBR as the ticker for Hedera.

It is the date of these filings that has attracted attention, as they come in the midst of the United States government shutdown, whose effects have delayed the SEC. Last week, the Commission missed the final decision date on Canary’s Litecoin ETF because, under the shutdown, the Commission scaled down in operations.

It appears from Balchunas that the amendment is the last act before launch, indicating that approval is imminent when the government goes back to normal operations.

He said, “Canary just filed S-1 amendment for Litecoin and HBAR spot ETFs, and they include the fees (95bps each) and the tickers (LTCC and HBR). Which is typically the last thing updated before go-time. With the shutdown, tho who knows, but these docs look pretty finalized to me.” 

Also Read | Litecoin Price Alert: Bullish Pattern Signals Potential $285 Breakout

Litecoin Eye $280 Rally Potential

According to a post by Whales_Crypto_Trading, LTC is attracting market attention after it managed to break out from a symmetrical triangle pattern on its weekly chart. The breakout is indicative that might be a guarantee for a long-lasting uptrend extending to the $280 level.

Technical analysts suggest that this breakout could mark the beginning of a strong upward trend, supported by improved market sentiment and recovering trading volumes. If the bullish momentum holds, LTC may soon test higher resistance levels, reaffirming investor confidence amid the broader crypto market’s consolidation phase.

Also Read | Litecoin Ignites Bullish Momentum, Could This Be the $160 Explosion?