Nasdaq Seeks SEC Approval to List Canary HBAR ETF

Nasdaq has precocious filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to database and commercialized shares of the Canary HBAR ETF.

This ETF intends to travel the spot terms of Hedera Network’s autochthonal cryptocurrency, HBAR. This determination follows Canary Capital’s earlier motorboat of the archetypal U.S. HBAR Trust successful October 2024 and a consequent S-1 registration connection for an HBAR ETF filed successful November 2024. 

Canary Capital CEO Steven McClurg noted Hedera’s precocious transaction measurement and real-world scalability arsenic cardinal factors for the fund’s establishment.

Nasdaq’s registration comes arsenic Canary Capital’s spot Litecoin ETF approaches imaginable SEC clearance. According to Bloomberg expert Eric Balchunas, Litecoin’s regulatory aboriginal appears affirmative due to the fact that it is classed arsenic a commodity by the CFTC and has not encountered SEC ineligible issues.

The fund, listed nether the ticker LTCC, has already appeared connected the Depository Trust and Clearing Corporation (DTCC), a measurement toward launch.

Canary Capital is processing ETFs for different cryptocurrencies, similar XRP and Solana, successful summation to HBAR and Litecoin. The steadfast has registered for a spot XRP ETF, and the SEC has accepted the filing, indicating that it intends to summation crypto investing opportunities.

Additionally, Canary Capital precocious launched the Canary AXL Trust, designed for institutions and accredited investors seeking unafraid vulnerability to AXL, the token down the Axelar Network’s blockchain interoperability technology. This marks the archetypal concern merchandise focused connected blockchain interoperability.

Also Read: SEC Acknowledges Cboe BZX’s XRP ETF Filing for Canary Capital