Canary Capital Files for Hedera HBAR Spot ETF with SEC
Canary Capital's Innovative Step
Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a pioneering Hedera HBAR spot exchange-traded fund. This fund aims to provide exposure to the value of HBAR, the native digital asset of the Hedera Network. HBAR facilitates fast and secure transactions and is governed by a council of prominent organizations to ensure secure decision-making.
Details on the HBAR ETF
According to the filing, the Canary HBAR ETF will hold HBAR directly, without derivatives or other financial instruments. This approach aims to attract investors looking for direct exposure to HBAR.
About Canary Capital
- Founded by Steven McClurg, previously associated with Valkyrie Funds.
- Canary has prior experience with other spot crypto ETFs, including Litecoin, Solana, and XRP.
The story will be updated as more information becomes available.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.