Nasdaq has filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade Canary HBAR ETF. If approved, this will offer investors direct exposure to Hedera's cryptocurrency.
Nasdaq's New Offering
Nasdaq has submitted Form 19b-4 to secure SEC approval for the listing and trading of the Canary HBAR ETF. This exchange-traded fund will track the spot price of the HBAR cryptocurrency, providing investors with direct exposure.
Why Hedera (HBAR) is in the Spotlight?
HBAR stands out for its high transaction volume and enterprise adoption, making it an attractive prospect for an ETF. Hedera’s governing council includes giants like Google, IBM, and Boeing, lending further credibility to the project.
Canary's Expanding Crypto ETF Portfolio
Canary Capital is broadening its portfolio by filing for ETFs for cryptocurrencies like Litecoin (LTC), XRP, and Solana (SOL). The Litecoin ETF filing is under SEC review, with Bloomberg analysts projecting a 90% approval chance.
If approved by the SEC, this move would strengthen HBAR's market position and encourage the launch of ETFs for other altcoins. All eyes are on whether HBAR will be among the first altcoins to achieve ETF status in 2025.
