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US Hedera Spot ETF and Litecoin Spot ETF had no net inflows and outflows on the first day of listing

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2025-10-29 03:42:55
The US Canary HBARETF (stock code HBR) and Canary Litecoin ETF (stock code LTCC) were listed on NASDAQ, both of which were the first US spot ETFs of the currency. From the perspective of the asset size of the first day of listing, it is much smaller than the asset size of the Solana spot ETF listed on the same day of 290 million US dollars, which is lower than market expectations.
According to SoSoValue data, there was no net inflow and outflow on the first day of HBR listing, the transaction volume was 8.63 million US dollars, the total net asset value was 1.09 million US dollars, and the HBAR net asset ratio (market value compared with HBAR total market value) reached 0.01%; LTCC listed on the first day without net inflow and outflow, the transaction volume was 1.38 million US dollars, the total net asset value was 969,000 US dollars, and the LTC net asset ratio (market value compared with LTC total market value) reached 0.01%.
Canary HBARETF supports cash and in-kind redemption, but does not support HBAR to provide additional income through pledge, with a management rate of 0.95%; Canary Litecoin ETF only supports cash redemption, with a management rate of 0.95%.
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