Canary Capital Files 19b-4 Registration Statement to the U.S. Securities and Exchange Commission (SEC) for Its Proposed HBAR ETF

Canary Capital has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) for its proposed HBAR ETF, following the amended S-1

Canary Capital filed a 19b-4 with the U.S. Securities and Exchange Commission (SEC) on Monday for its proposed HBAR ETF, following the amended S-1 registration statement filed earlier this month.

The filing aims to attain permission for Nasdaq to list and trade shares of the HBAR ETF.

"Canary just filed the 19b-4 for their HBAR ETF. This comes on heels of them amending S-1 last week (which means SEC gave comments which gives HBAR and Litecoin the best odds and the pole position among the current slew of alt coin ETF filings)," crypto legal counsel J.D. supra noted in a tweet.

Canary Capital filed a 19b-4 for their HBAR ETF. This comes on heels of them amending S-1 last week (which means SEC gave comments which gives HBAR and Litecoin the best odds and the pole position among the current slew of alt coin ETF filings) pic.twitter.com/qxJIhEwBNY

Canary Capital filed a 19b-4 for their HBAR ETF. This comes on heels of them amending S-1 last week (which means SEC gave comments which gives HBAR and Litecoin the best odds and the pole position among the current slew of alt coin ETF filings) pic.twitter.com/qxJIhEwBNY

Canary Capital's HBAR Trust to HBAR ETF

Canary Capital began its pursuit of an HBAR ETF in late 2024 with the filing of its initial S-1 registration statement to the SEC. The move marked a significant milestone as the first attempt to create an ETF specifically focused on Hedera's token.

Its approval could provide multiple benefits for investors, including:

The filing comes on the backdrop of approved Bitcoin ETFs with funds like Fidelity's FBTC and BlackRock's IBIT.

Is SEC Approval Possible for HBAR ETF?

In the past, the SEC has been skeptical about cryptocurrency exchange-traded funds (ETFs). It has underlined its strategy by closely examining every proposal to guarantee market integrity and investor protection.

However, recent approvals of Bitcoin spot ETFs indicate that its stance is becoming more crypto-friendly. This demonstrates the SEC’s readiness to accept bitcoin investment products in the appropriate situations.

Given the precedent created by Bitcoin ETFs and growing institutional interest, there is optimism regarding the potential approval of the ETF.

Approval could boost Hedera's credibility among institutional investors, facilitating broader application of its technology.

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