- Canary-based ETFs for HBAR and LTC are set to commence trading tomorrow on NASDAQ.
- Litecoin price struggles to breach the $100 psychological level amid 50-and-200-day EMA headwinds.
- The Hedera coin price rides a short-term correction trend within the formation of a falling channel pattern.
Canary Capital has received final approval to list its spot exchange-traded funds (ETFs) trading LTC and HBAR on NASDAQ. The move positions Canary among the first issuers to bring new digital asset ETFs to market during the U.S. government shutdown, leading to procedural rules that allow Fllion to take effect automatically without the direct SEC approval. Do the Litecoin and Hedera coin price analysis support a bullish move?
Canary Capital’s Hedera and Litecoin Spot ETFs Set for NASDAQ Debut
Eleanor Terrett, journalist and co-host of the Crypto In America podcast, reported that two new cryptocurrency ETFs—one tracking Hedera (HBAR) and another tracking Litecoin (LTC)—have received final clearance and are set to debut on NASDAQ. The confirmation came from the CEO of Canary Capital Group, Steven McClurg, who said, “Litecoin and Hedera are the next two token ETFs to go effective after Ethereum” in a statement, “We look forward to launching tomorrow”.
In another tweet, Bloomberg’s Eric Balchunas reported that the New York Stock Exchange (NYSE) has also certified 8-A filings and issued listing notices for Bitwise’s spot Solana (SOL) ETF, set to launch tomorrow, and for Grayscale’s GSOL fund, which is set to convert the day after.
The progression has raised questions about how such filings could go forward without an active SEC staff. According to Terrett’s report, the process did not require manual sign-off because “the operation of law does not always actually require an open government.” In this case, the procedural timeframe gave filings the ability to automatically go into effect.
Under securities law, the S-1 form is used to register ETF shares under the Securities Act of 1933, and the 8-A form is used to register ETF shares under the Securities Exchange Act of 1934. Both steps are compulsory in trading. This week, all 8-A submissions were certified by NYSE to complete the requirements on the exchange side.
Issuers had previously included clauses in their amended S-1 filings to make them automatically effective on the expiration of a 20-day period. “Typically, issuers delay S-1s until the SEC makes them effective,” Terrett explained, “but the legal default is that the S-1 goes automatically effective without SEC intervention.” This provision enabled ETF approvals to continue on schedule despite the current government shutdown.
The upcoming Canary ETF listing for HBAR and LTC could act as a near-term catalyst for a potential upswing, potentially boosting market liquidity and broader visibility as mainstream financial exposure widens through NASDAQ trading.
Let’s dive into the price analysis of these coins.
Litecoin Price Challenges Key Resistance Amid Looming ETF Listing
Following the historic crypto deleveraging on October 10th, 2025, the Litecoin price has been struggling to sustain above the $100 mark. Amid the recent market rebound, the LTC price has bounced from the weekly low of $89.91 to the current trading price of $100.41, re-challenging the psychological resistance.
The daily exponential moving average of 50 and 200, wavering around this level, creates an additional layer of defense against the bias to predict a bullish tradeoff. However, if the price manages to flip the overhead resistance into potential support, the LTC price would gain additional momentum for a potential bounce of over 43% and challenge the long-standing resistance of $143.
This resistance stands as a major ceiling of the current sideways trend, suggesting a potential breakout above this is needed to kickstart a bullish rally.
Hedera Price Holds Steady Correction Within Channel Pattern
Over the past three months, the Hedera coin price has been falling within a declining channel pattern on the daily chart. Amid this correction, the coin price has plunged from $0.305 to the current trading price of $0.198, accounting for a 41% loss.
As the crypto market shows a renewed recovery, the coin price is gradually heading to the pattern’s upper boundary at $0.2. A potential breakout from this pattern would accelerate the bullish momentum and bolster the HBAR price to re-challenge the $0.3 psychological resistance.
On the contrary, the downward trend would prolong until the pattern is intact.
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