Canary Funds Files for HBAR Spot ETF with SEC to Trade on Exchanges

Nov 12, 2024, 05:34 PM

Canary Funds has filed an S-1 with the U.S. Securities and Exchange Commission (SEC) to launch an HBAR spot ETF. This ETF aims to provide exposure to HBAR, the native cryptocurrency of the Hedera Network, known for its enterprise-grade distributed ledger technology. The filing follows Canary's launch of its HBAR Trust in October. The fund will trade on exchanges, with its value linked to HBAR’s price.