Canary Capital Group has taken a significant step toward launching two new cryptocurrency exchange-traded funds (ETFs), submitting paperwork on October 27 to list both a Litecoin and an HBAR fund on the Nasdaq exchange. Both proposed funds are structured as Delaware statutory trusts.

A Key Step in the Listing Process

The company filed Form 8-A registration statements, a required procedure under the Securities Exchange Act of 1934 for listing securities on a major national exchange. According to the documents, Nasdaq has already approved the applications for listing, clearing a crucial hurdle. For the registration to become fully effective, the related S-1 registration statements must also be approved by the U.S. Securities and Exchange Commission (SEC).

These filings build on earlier submissions. The Litecoin ETF’s initial S-1 form was filed on October 15, 2024, and the HBAR ETF’s was submitted on November 12, 2024. Both proposals were most recently amended on October 7, 2025, signaling ongoing work to bring the products to market.

Part of a Broader Regulatory Shift

The move by Canary Capital arrives as the regulatory environment for digital assets appears to be warming. The filings follow the SEC’s recent withdrawal of delay notices for multiple altcoin-based products, fueling speculation among analysts that a new batch of cryptocurrency ETFs could be nearing approval.