Litecoin and Hedera (HBAR) are poised to become the next major players in the crypto ETF landscape, with analysts seeing their approval as imminent despite the backdrop of a US government shutdown delaying the process.

Canary Capital, the asset manager behind these ETFs, has recently made final amendments to their filings, including fee structures and ticker symbols—LTCC for Litecoin and HBR for Hedera. Each fund will directly hold the respective tokens, with custody provided by regulated entities, and will charge a 0.95% sponsor fee. Although this fee is higher than what we’ve seen with spot Bitcoin ETFs, it’s considered standard for niche or emerging digital asset products.

Industry experts, including senior ETF analysts from Bloomberg, describe these last updates as the final step before approval. The amendments signal that all preparations are complete and that execution is held back only by the limited operations of the US Securities and Exchange Commission (SEC) caused by the federal shutdown.

The roots of these ETFs date back to filings made in late 2024 and earlier in 2025 for Hedera and Litecoin, respectively. Nasdaq has already filed the necessary forms to list both funds, signaling strong institutional readiness and demand from markets beyond Bitcoin and Ethereum. Analysts estimate there’s over a 90% chance of swift approval for both products once the SEC resumes full operations, underpinned by the regulatory clarity around Hedera and Litecoin’s established commodity status.

The momentum behind these ETFs reflects broader industry anticipation of the next wave of crypto adoption. Canary Capital is not stopping at Litecoin and HBAR, with plans to file for additional spot ETFs tracking other major altcoins like XRP and Solana. Market observers expect the introduction of these altcoin-focused ETFs to offer investors more diversified exposure, leading to increased mainstream acceptance of digital assets.

Despite uncertainties caused by the government shutdown, the consensus points to LTC and HBAR ETFs being at the goal line. Their eventual approval will likely mark a significant milestone, opening up new opportunities for investors and signaling the start of the altcoin ETF era. As regulators finalize their decisions, the industry is watching closely, prepared for a new chapter in institutional crypto investment.