In a strategic move, Canary Capital is first to market with US ETFs for Litecoin and Hedera (HBAR), set to begin trading Tuesday on Nasdaq.
The launch positions the firm as a leader in the burgeoning market for niche crypto ETFs, beating other asset managers to the punch with these specific offerings.
The successful filing was made possible by a recent shift in SEC guidance, creating a clear pathway for such products.
This development heats up the competition among crypto ETF providers, who are now racing to list funds for a broader range of digital assets beyond the industry giants.
