Canary Capital Files Application for a Spot Hedera ETF
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Canary Capital has submitted an S-1 registration statement for a new HBAR ETF. The ETF is designed to offer investors exposure to Hedera’s HBAR token, according to the filing.
This news has caused a significant market response, with the current price of HBAR surging more than 20% to reach $0.066, although there is some volatility in the price.
The filing from Canary Capital highlights a carefully structured ETF model that includes the use of “Authorized Participants” to facilitate share creation and redemption, following industry standards for crypto investment vehicles.
The fund’s holdings will be securely managed in custodial accounts, with a strong emphasis on safety.
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