PANews reported on October 29th that the Canary HBAR ETF (ticker symbol HBR) and Canary Litecoin ETF (ticker symbol LTCC) officially listed on Nasdaq on October 28th, becoming the first U.S. spot ETFs for their respective cryptocurrencies. However, their asset size on the first day of trading 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 of trading, with a trading volume of $8.63 million and a total net asset value of $1.09 million. The HBAR net asset ratio (market capitalization as a percentage of HBAR's total market capitalization) was 0.01%. LTCC also saw no net inflows or outflows on its first day of trading, with a trading volume of $1.38 million and a total net asset value of $969,000. The LTC net asset ratio (market capitalization as a percentage of LTC's total market capitalization) was 0.01%. The Canary HBAR ETF supports cash and physical redemption, but does not support additional returns through staking of HBAR. Its management fee is 0.95%. The Canary Litecoin ETF only supports cash redemption and has a management fee of 0.95%.PANews reported on October 29th that the Canary HBAR ETF (ticker symbol HBR) and Canary Litecoin ETF (ticker symbol LTCC) officially listed on Nasdaq on October 28th, becoming the first U.S. spot ETFs for their respective cryptocurrencies. However, their asset size on the first day of trading 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 of trading, with a trading volume of $8.63 million and a total net asset value of $1.09 million. The HBAR net asset ratio (market capitalization as a percentage of HBAR's total market capitalization) was 0.01%. LTCC also saw no net inflows or outflows on its first day of trading, with a trading volume of $1.38 million and a total net asset value of $969,000. The LTC net asset ratio (market capitalization as a percentage of LTC's total market capitalization) was 0.01%. The Canary HBAR ETF supports cash and physical redemption, but does not support additional returns through staking of HBAR. Its management fee is 0.95%. The Canary Litecoin ETF only supports cash redemption and has a management fee of 0.95%.
Both the US-listed Hedera spot ETF and Litecoin spot ETF saw no net inflows or outflows on their first day of trading.
PANews reported on October 29th that the Canary HBAR ETF (ticker symbol HBR) and Canary Litecoin ETF (ticker symbol LTCC) officially listed on Nasdaq on October 28th, becoming the first U.S. spot ETFs for their respective cryptocurrencies. However, their asset size on the first day of trading 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 of trading, with a trading volume of $8.63 million and a total net asset value of $1.09 million. The HBAR net asset ratio (market capitalization as a percentage of HBAR's total market capitalization) was 0.01%. LTCC also saw no net inflows or outflows on its first day of trading, with a trading volume of $1.38 million and a total net asset value of $969,000. The LTC net asset ratio (market capitalization as a percentage of LTC's total market capitalization) was 0.01%. The Canary HBAR ETF supports cash and physical redemption, but does not support additional returns through staking of HBAR. Its management fee is 0.95%. The Canary Litecoin ETF only supports cash redemption and has a management fee of 0.95%.
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