Canary Capital is making substantial progress toward launching an HBAR exchange-traded fund (ETF). The asset management firm has filed both the S-1 and 19b-4 forms with the SEC, while NASDAQ has also applied for listing. This signals robust institutional backing for the proposed ETF. Investors anticipate a decision from the SEC regarding the ETF’s approval, which could significantly impact the market. If approved, this HBAR-based ETF would offer exposure to Hedera’s native token.