Canary Capital Seeks Approval for Spot HBAR ETF: Will It Reach Investors’ Pockets?

Nasdaq has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to list and trade the Canary HBAR ETF, which will track the real-time price of Hedera’s cryptocurrency HBAR. If approved, this would be the first spot HBAR ETF to hit the market, offering investors direct access to this asset. This move follows Canary Capital’s launch of a U.S. HBAR Trust and an S-1 registration for an HBAR ETF in 2024. The SEC review process signifies potential progress towards this exciting new development in the cryptocurrency market.