Canary Capital has filed an application with the SEC for an HBAR-based ETF, offering investors direct access to Hedera Network's cryptocurrency.
Application for HBAR ETF
Canary Capital has submitted a registration application with the SEC for an ETF linked to the HBAR token of the Hedera platform. Approval would mark the launch of the first publicly traded product offering exposure to HBAR.
Future of Crypto Asset ETFs
The SEC's approval of additional crypto ETFs remains uncertain. Bitcoin and Ethereum ETFs are already on the market. Applications continue amidst speculation over a potential resignation of SEC Chair Gary Gensler.
The Trump and SEC Situation
There is conjecture that the Trump administration may look to replace SEC leadership. However, experts point out that this move is not possible without valid reasons.
Canary Capital's application for an HBAR ETF could be a significant step forward in the world of crypto ETFs, despite uncertainties around the SEC's stance.
