Canary Capital, an investment firm, has submitted a filing to the SEC to list and trade shares of its spot Hedera exchange-traded fund (ETF). The filing, made on Nov. 12, includes a Form S-1 registration statement for review by SEC officials. The proposal aims to allow US investors to trade shares of the Canary Hedera (HBAR) ETF trust on an undisclosed exchange. This investment vehicle is among the first to provide exposure to a spot HBAR exchange-traded product. Canary has also applied for listing and trading of spot XRP and Solana ETFs. The investment vehicle will not involve HBAR-linked derivatives or futures contracts to avoid regulation by the US Commodity Futures Trading Commission. The market capitalization of HBAR, the native crypto asset of the Hedera network, was over $2.5 billion at the time of publication. The approval of spot ETFs tied to other crypto assets on US exchanges remains uncertain, despite the previous approval of Bitcoin and Ether ETFs earlier this year. Read more AI-generated news on: https://app.chaingpt.org/news

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