Ethereum
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Ethereum slides below $4,750

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Ethereum slides below $4,750

Canary Capital has filed to launch spot ETFs for Litecoin (LTCC) and Hedera (HBR), each carrying a 0.95% management fee. Analysts say the products appear ready for approval, but the ongoing U.S. government shutdown has paused SEC activity, delaying reviews until late October.
The firm’s filings also outline enhanced access controls for users of Bitcoin and Ethereum, signaling broader integration within regulated crypto markets. Experts suggest the move could boost interest in altcoins once operations resume.
Meanwhile, Ethereum faces heavy validator outflows, with over 2.4 million ETH (≈$10B) awaiting withdrawal — the largest on record. Despite this, institutional demand remains strong, and Grayscale’s newly approved Ethereum Trust ETF with staking has been viewed as a bullish development for ETH and the broader crypto market.

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