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.

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