Nasdaq Seeks SEC Approval to List Canary HBAR ETF
Nasdaq has just lately filed Kind 19b-4 with the U.S. Securities and Alternate Fee (SEC) to record and commerce shares of the Canary HBAR ETF.
This ETF intends to comply with the spot value of Hedera Community’s native cryptocurrency, HBAR. This transfer follows Canary Capital’s earlier launch of the primary U.S. HBAR Belief in October 2024 and a subsequent S-1 registration assertion for an HBAR ETF filed in November 2024.
Canary Capital CEO Steven McClurg famous Hedera’s excessive transaction quantity and real-world scalability as key elements for the fund’s institution.
Nasdaq’s registration comes as Canary Capital’s spot Litecoin ETF approaches doable SEC clearance. In line with Bloomberg analyst Eric Balchunas, Litecoin’s regulatory future seems constructive as a result of it’s classed as a commodity by the CFTC and has not encountered SEC authorized points.
The fund, listed beneath the ticker LTCC, has already appeared on the Depository Belief and Clearing Company (DTCC), a step towards launch.
Canary Capital is creating ETFs for different cryptocurrencies, like XRP and Solana, along with HBAR and Litecoin. The agency has registered for a spot XRP ETF, and the SEC has accepted the submitting, indicating that it intends to extend crypto investing alternatives.
Moreover, Canary Capital just lately launched the Canary AXL Belief, designed for establishments and accredited buyers looking for safe publicity to AXL, the token behind the Axelar Community’s blockchain interoperability know-how. This marks the primary funding product centered on blockchain interoperability.
Additionally Learn: SEC Acknowledges Cboe BZX’s XRP ETF Filing for Canary Capital
