On October 28th, the Canary HBAR ETF (ticker symbol HBR) and the Canary Litecoin ETF (ticker symbol LTCC) were officially listed on Nasdaq, becoming the first US spot ETFs for these cryptocurrencies. On their first day of trading, their asset size was significantly smaller than the $290 million asset size of the Solana spot ETF, which also listed on the same day, falling short of market expectations. According to SoSoValue data, HBR saw no net inflows or outflows on its first day, with a trading volume of $8.63 million and a total net asset value of $1.09 million, resulting in a net asset value ratio (market capitalization as a percentage of total HBAR market capitalization) of 0.01%. LTCC also saw no net inflows or outflows on its first day, with a trading volume of $1.38 million and a total net asset value of $969,000, resulting in a net asset value ratio (market capitalization as a percentage of total LTC market capitalization) of 0.01%. The Canary HBAR ETF supports cash and physical redemption, but does not support staking HBAR to generate additional returns, and has a management fee of 0.95%. The Canary Litecoin ETF only supports cash subscriptions and redemptions, and has a management fee of 0.95%.
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