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Canary Capital Files for First HBAR Spot ETF

13.11.2024 9:30 1 min. read Alexander Stefanov
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Canary Capital Files for First HBAR Spot ETF

Following Donald Trump’s political resurgence, Canary Capital has submitted a new filing to the SEC to launch the first spot ETF for Hedera’s native cryptocurrency, HBAR.

This ETF would enable investors to access HBAR’s performance in a regulated format without directly purchasing the token.

HBAR powers the Hedera network, a fast and secure blockchain alternative supported by a council of leading companies.

Canary Capital’s filing states that the ETF will invest solely in HBAR, avoiding derivatives or futures.

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Previously, Canary introduced an HBAR Trust for accredited investors and has applied for spot ETFs for other tokens like Litecoin and Solana.

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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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