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According to the latest development, Canary company has applied for a spot ETF for Hedera ($HBAR).
According to today’s S-1 filing, the Canary $HBAR ETF aims to provide investors with “exposure to the value of the Hedera Network’s native asset.” The ETF will hold only $HBAR tokens directly, without relying on derivatives or futures contracts. The filing does not list a custodian or administrator for the ETF, and an SEC approval decision is still pending.
As the native asset of the Hedera network, $HBAR plays a key role in the network’s ecosystem, enabling transactions, powering decentralized applications, and enabling participation in governance.
Hedera's unique governance model features a council of globally recognized companies and organizations aimed at promoting safe and compliant decision-making.
Led by founder Steven McClurg, who previously founded Valkyrie Funds and is known for launching other crypto ETFs, Canary Capital has previously introduced a Hedera $HBAR Trust for accredited investors and filed for spot ETFs for Litecoin, Solana, and XRP.
*This is not investment advice.