The approval process for Litecoin and HBAR ETFs is accelerating.

Recent developments in the cryptocurrency market are closely monitored by investors. The anticipated ETF (Exchange-Traded Fund) approvals for significant altcoins like Litecoin (LTC) and Hedera (HBAR) have created excitement among investors. However, it has been reported that the U.S. government's shutdown has temporarily halted this progress.

There is increasing activity surrounding multiple cryptocurrency ETF applications pending before the U.S. Securities and Exchange Commission (SEC). In particular, Canary Capital has announced that it has submitted an updated registration application for an HBAR ETF. It was disclosed that this ETF will trade under the HBR code and will charge a 0.95% sponsor fee. It is also noted that the company is in the process of making a similar application for a Litecoin ETF (LTCC).

Bloomberg ETF analyst Eric Balchunas stated that these details are usually shared in the final stages of the approval process and indicated that the documents are "almost ready." Balchunas emphasized that the Litecoin and HBAR ETFs have reached a critical milestone in the approval process. However, as he noted, developments so far may lead to significant delays if the U.S. government's shutdown continues.

In recent months, the SEC has been evaluating ETF applications that will track various cryptocurrencies such as Dogecoin (DOGE), XRP, and Litecoin (LTC). However, due to the government shutdown, SEC operations have largely stalled. Currently, it is operating with a "limited number of personnel who can intervene in emergencies." This situation could result in ETF approvals being postponed for weeks.

On the same day, it is reported that GraniteShares has also submitted leveraged ETF applications for Solana (SOL), XRP, and Ethereum (ETH). It is stated that many similar new filings were submitted to the SEC last week. In light of all these developments, as the approval process for the Litecoin and HBAR ETFs approaches its end, there are critical dates and levels that investors need to closely monitor.