Canary Capital Seeks SEC Approval for Spot HBAR ETF

Nasdaq has submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) seeking approval to list the Canary HBAR ETF, tracking the spot price of Hedera’s cryptocurrency, HBAR. If granted, this exchange-traded fund would offer investors direct exposure to the asset. This move follows Canary Capital’s launch of a U.S. HBAR Trust in October 2024 and an S-1 registration for an HBAR ETF in November 2024, both now awaiting SEC review.