PANews|Oct 29, 2025 03:37
[No Net Inflows or Outflows on the First Day of Listing for Hedera Spot ETF and Litecoin Spot ETF in the U.S.]
The Canary HBAR ETF (Ticker: HBR) and Canary Litecoin ETF (Ticker: LTCC) were officially listed on Nasdaq on October 28, marking the first U.S. spot ETFs for these cryptocurrencies. From the first day of listing, their asset sizes were significantly smaller than the $290 million asset size of the Solana Spot ETF listed on the same day, falling below market expectations.
According to SoSoValue data, HBR had no net inflows or outflows on its first day of listing, with a trading volume of $8.63 million and a total net asset value of $1.09 million. The HBAR net asset ratio (proportion of market value to HBAR's total market cap) reached 0.01%. Similarly, LTCC also had no net inflows or outflows on its first day of listing, with a trading volume of $1.38 million and a total net asset value of $969,000. The LTC net asset ratio (proportion of market value to LTC's total market cap) also reached 0.01%.
The Canary HBAR ETF supports both cash and physical redemptions but does not allow HBAR staking for additional returns, with a management fee rate of 0.95%. The Canary Litecoin ETF supports only cash redemptions, with a management fee rate of 0.95%.
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