Analyst: LTC, HBAR and other encryption ETFs are "within reach" against the backdrop of the US government shutdown.

PANews reported on October 8 that Canary Capital submitted a revised registration statement for its Canary HBAR ETF on Tuesday, disclosing key details, including a stock code of HBR and a 0.95% sponsorship fee rate. The company is also developing a Litecoin ETF, with a stock code of LTCC, and the sponsorship fee rate is also 0.95%. Bloomberg senior ETF analyst Eric Balchunas stated that these details are usually the last updates before the “launch moment.” He wrote on the X platform: “Although the U.S. government is currently shut down and no one can predict the final situation, it seems to me that these documents are quite complete. Compared to spot Bitcoin ETFs, a 0.95% fee rate is relatively high, but higher rates are also quite common in new and increasingly segmented areas of ETFization.” Bloomberg analyst James Seyffart expressed a similar view: “It feels like the Litecoin and HBAR ETFs are at the goal line, victory is in sight.”