Canary Capital has submitted a filing to the SEC for a spot Hedera (HBAR) exchange-traded fund (ETF), following an earlier registration in November. The proposed ETF would provide direct exposure to Hedera's native cryptocurrency. The filing marks the second phase of the regulatory process, and once acknowledged, it will trigger a formal review period. Canary Capital's S-1 registration was amended last week after SEC feedback, indicating ongoing regulatory discussions. The ETF's approval will be determined by the SEC. Hedera operates as a decentralized public network, using the Hashgraph consensus mechanism, with a council overseeing network decisions. Hedera's token saw a slight price increase following the filing, trading at around $0.22. Bloomberg ETF analyst Eric Balchunas believes the SEC's feedback suggests potential approval. Canary Capital's spot Litecoin ETF has also been listed on the DTCC's website, indicating progress toward potential launch.



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