The Race to Bring More Cryptocurrency Exchange-Traded Funds (ETFs) to Market Continues as Nasdaq Seeks to List the Canary HBAR ETF

The race to bring more cryptocurrency exchange-traded funds (ETFs) to market continues as Nasdaq seeks to list the Canary HBAR ETF.

Nasdaq is planning to list the Canary HBAR ETF (NYSEARCA:HBAR) on the exchange, according to a new 19b-4 filing with the SEC on Monday.

The ETF will be linked to the performance of an index that tracks Hedera Network’s native token, HBAR. It will provide investors with a convenient and regulated way to gain exposure to the cryptocurrency.

The filing comes as part of a broader push to expand the range of cryptocurrency ETFs available to investors. In recent months, several other issuers have applied to list ETFs tied to altcoins, such as Polkadot and Official Trump (TRUMP). Additionally, asset managers are seeking regulatory approval for modifications to existing ETFs, including the introduction of staking options and in-kind redemptions.

The SEC has been under increasing pressure to approve more crypto ETFs, especially after the launch of two physical Bitcoin ETFs in February. Several other cryptocurrency ETFs are also pending approval, including those linked to XRP, Litecoin, and Solana.

If approved, the Canary HBAR ETF will add to the growing list of cryptocurrency ETFs available on Nasdaq and further diversify the options for investors seeking exposure to digital assets.