Canary
Capital Files for First-ever
Hedera HBAR
ETF With the
SEC
Crypto investment firm Canary Capital has submitted a proposal to the SEC for
a Hedera HBAR spot exchange-traded fund (ETF), the first of its kind.
If approved, the fund will offer institutional investors direct exposure to
the HBAR token. Following the announcement, HBAR s value surged over 24%
within an hour, marking a four-month high.
Canary Capital Outlines Comprehensive Conditions for its HBAR ETF
According to the SEC filing , the ETF will hold HBAR directly, avoiding
derivatives, futures , or other financial instruments. Shareholders will
receive cash proceeds instead of HBAR, simplifying transactions. The filing
does not specify the custodian or administrator for the fund.
Sponsored
Sponsored
HBAR price surge following the ETF filing annoucement. Source: BeInCrypto
This move follows Canary Capital s October launch of an HBAR Trust for
accredited investors. The firm, led by Steven McClurg, has previously filed
for spot ETFs tied to Litecoin, Solana , and XRP. McClurg is also known for
founding Valkyrie Funds, which manages other spot crypto ETFs .
The filing outlines scenarios that could trigger the Trust s
termination. If the ETF’s shares are delisted and not relisted within five
days, or if regulators classify the Trust as an investment company or
commodity pool, operations will cease.
The SEC s Stance on Crypto ETFs Remains Uncertain
While the SEC approved 11 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs and eight Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs earlier this
year, further approvals are unclear.
his regulatory ambiguity coincides with speculation about SEC Chair Gary
Gensler s potential departure following Trump’s return to the
presidency. Trump has indicated he would replace Gensler if elected.
Crypto ETFs have seen a surge in activity since the 2024 US election. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
ETFs recorded over $7.22 billion in trading volume. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs also
experienced inflows of $295 million, with significant contributions from
BlackRock and Fidelity.
BlackRock’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF (IBIT) recently surpassed its Gold ETF in size, a
notable achievement as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin hit an all-time high. This reinforces
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s reputation as “digital gold,” particularly as gold itself
trades at its highest level since 1980.
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