CandleFocus BREAKING: Canary Files Spot ETF Application for a New Altcoin
2024-11-12
Author: Content Editor
Canary company has applied for a spot ETF for Hedera (HBAR) in order to provide investors with exposure to the value of the Hedera Network's native asset. The ETF will hold HBAR tokens directly without relying on derivatives or futures contracts. The filing does not mention a custodian or administrator for the ETF, and SEC approval is still pending. HBAR is an important asset in the Hedera network, facilitating transactions, powering decentralized applications, and enabling governance participation. Canary Capital, led by founder Steven McClurg, has previously launched other crypto ETFs and filed for spot ETFs for Litecoin, Solana, and XRP.
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