Altcoins HBAR and LTC are experiencing price rallies as buzz surrounding their ETF launches draws market attention.
Summary
- HBAR and Litecoin rally as their spot ETFs prepare to launch on the NASDAQ, signaling renewed investor interest in altcoin-based funds.
- The approvals proceed despite the ongoing U.S. government shutdown, with automatic activation rules allowing the listings to move forward without SEC intervention.
- While HBAR and LTC make progress, most other altcoin ETFs, including XRP, Dogecoin, and Avalanche, remain under review with no confirmed launch dates.
At the time of writing, HBAR trades near $0.22, up 18.1% in the last 24 hours and about 1.57% higher over the past week, reflecting a sharp rebound in activity. The move comes with a strong 24‑hour volume of roughly $702 million as the market leans into the ETF narrative.
Similarly, Litecoin (LTC) changes hands around $105.92, gaining 5.13% on the day and 14.65% over the week, per market data from crypto.news. The advance keeps Litecoin among the day’s stronger large‑cap performers as focus shifts to the upcoming listings.
The uptick in both tokens comes as Canary Funds’ spot Hedera (HBAR) and LTC ETFs are confirmed to begin trading on the NASDAQ tomorrow. Bloomberg ETF analyst Eric Balchunas confirmed that the NYSE has certified all required 8-A filings, clearing the final step before the funds can launch.
These approvals come despite the ongoing U.S. government shutdown, which has slowed certain SEC operations. However, automatic activation rules for S-1 filings allow ETFs to go effective without manual SEC sign-off, enabling the listings to proceed on schedule.
This marks a breakthrough after recent ETF-related delays and adds fresh momentum to the broader altcoin sector. Investors are also watching closely as Bitwise’s Solana ETF nears launch, following its NYSE approval earlier this week. The addition of Solana to the ETF lineup could further expand investor access to top-tier digital assets and sustain the current wave of institutional interest.
HBAR, Litecoin defy altcoin ETF queue
Meanwhile, many altcoin ETFs remain stuck in the queue with no fresh updates from regulators. Around 70 crypto‑related ETF applications across assets from XRP (XRP) to Dogecoin (DOGE) and Avalanche (AVAX) are currently in review, underscoring how crowded the pipeline remains.
Several high‑profile proposals have been delayed after the SEC opened proceedings to take more time for review on investor protection and market integrity grounds. These delays are not denials, but they extend timelines and keep markets waiting for clear launch dates.
The SEC had earlier pushed back specific decisions on Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF to later deadlines, adding to uncertainty for issuers and traders tracking these products. In parallel, separate SEC postponements on XRP and Solana filings reinforced that many mainstream altcoin ETFs are still pending despite periodic bursts of optimism.
With the HBAR and LTC-based funds moving forward, other altcoin ETFs could see progress soon, though timelines for the remaining funds remain to be seen.
