FIRST US HBAR TRUST LAUNCH SPARKS HEDERA ETF SPECULATION
The launch of the first U.S. HBAR Trust by Canary Capital has fueled speculation about a potential Hedera ETF. Following Bitcoin and Ethereum Spot ETFs, there’s rising interest in similar products for Solana, XRP, and now Hedera.
Canary Capital’s HBAR Trust offers institutional investors direct access to Hedera’s cryptocurrency, highlighting growing interest in altcoins. Steven McClurg, who helped launch the Bitcoin ETF, sees strong demand for crypto products tailored to institutions.
Hedera’s enterprise-grade blockchain tech is gaining attention, and the HBAR Trust could pave the way for a future ETF. However, HBAR’s price dipped 6% amid a market downturn.
