US Approves First Litecoin Spot ETF, Marking Major Crypto Milestone

Canary Capital has launched several new altcoin spot ETFs, including Litecoin (LTCC) and Hedera (HBR), marking the first U.S. spot ETFs for these altcoins under the SEC's updated regulatory framework. The Litecoin ETF, trading on Nasdaq, offers investors direct exposure to Litecoin held in cold storage and carries a management fee of 0.95%, positioning Litecoin as the first altcoin with a regulated spot ETF in the U.S. However, initial trading volumes and inflows for Litecoin and HBAR ETFs were muted, attributed to market caution and altcoin price volatility. In contrast, Hedera's HBAR experienced a notable price surge and increased trading volume following its ETF debut, signaling potential institutional interest and liquidity growth. Meanwhile, Canary Capital continues to pursue a Spot Solana ETF despite multiple SEC amendments, reflecting ongoing institutional demand and anticipation of regulatory approval. These developments highlight a growing institutionalization of altcoin investments, facilitated by new SEC commodity-based ETF listing standards that streamline the approval process.