BREAKING: First-Ever Hedera HBAR ETF Filed By Canary Capital

Share This Post

Applications for new altcoin exchange-traded funds (ETFs) have surged in recent months. Now, on November 13, an Hedera HBAR ETF S-1 form was filed with the US Securities and Exchange Commission (SEC) by crypto asset manager Canary Capital.

Hedera HBAR ETF On The Horizon

According to the filing with the SEC, the Canary HBAR ETF intends to hold only the Hedera protocol’s native token directly, without the use of derivatives, futures or other financial instruments.

This filing for HBAR is notable not only for being the first of its kind, but also for the potential for similar and new applications for other altcoins in the future in the US, especially as Donald Trump secured another term in the White House after winning last Tuesday’s presidential election.

Trump has become increasingly vocal in his support for the growth of the digital asset industry, promising to remove current SEC chairman Gary Gensler and create a comprehensive regulatory framework for the crypto market, which could pave the way for easier approval of similar index funds in 2025.

HBAR Price Surge

As reported by Bitcoinist, Canary Capital has already filed similar applications for Solana, XRP and a spot Litecoin ETF, in addition to the recent HBAR ETF filed on Tuesday.

Back in October, the asset manager also announced its official launch alongside the debut of its first trust offering, the Canary HBAR Trust, a private offering that provides qualified investors exposure to HBAR.

With the release of the HBAR ETF by Canary Capital on Tuesday, HBAR’s price has risen to $0.067, up nearly 20% in a matter of minutes and 50% in a week. 

HBAR ETF

Featured image from DALL-E, chart from TradingView.com 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project

The post Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project appeared first on Coinpedia Fintech News As per the latest Bloomberg report, Financial services firm Cantor

As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens

The post As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens appeared first on Coinpedia Fintech News As Bitcoin approached the $100,000 price level, Stablecoin issuer

Notcoin (NOT) Gears Up For Major Rally – Is $0.12 Still Within Reach?

Notcoin (NOT) has recently been in an impressive price form rising by 1971% in the past day to reach a local peak of $00085 While the momentum on the Telegram-based cryptocurrency has cooled in the

French Users Reportedly Blocked From Polymarket Predictions Market

Social media reports suggest that Polymarket has blocked French users and warned against attempts to circumvent the block According to one social media post, Polymarket now includes France-based

$100K Bitcoin Is Only The Beginning, VanEck Targets $180K

Recent gains in Bitcoin are owed in part to changes in the political environment, particularly in the US Incoming US President Donald Trump is backing cryptocurrencies, sparking renewed market

Time To Sell XRP? Whale Dump $27.2 Million Worth of Tokens

The post Time To Sell XRP Whale Dump $272 Million Worth of Tokens appeared first on Coinpedia Fintech News Ripple’s native token XRP has gained massive attention from crypto enthusiasts due to its