The push for a spot Hedera ETF product by Canary Capital has taken a more promising twist from the asset management firm. According to the latest update, Canary Capital has submitted the 19b-4 filing with the United States Securities and Exchange Commission (SEC). The Nasdaq Stock Market LLC made this application on behalf of Canary Capital.
Hedera ETF on track for Approval
The NASDAQ filing is a proposed rule change seeking approval to launch the Hederal ETF on the stock exchange. This filing precedes the S-1 registration statement filed last year, signaling the firm’s move to issue an HBAR ETF.
And there’s the 19b-4 $HBAR filing from @CanaryFunds/@Nasdaq. https://t.co/lUbNguhkLl pic.twitter.com/3nPXGIzsWl
— Eleanor Terrett (@EleanorTerrett) February 24, 2025Related
Fri, 02/21/2025 - 15:00 XRP, DOGE, Solana, Litecoin: ETF Store President Speaks Out on SEC
Gamza Khanzadaev
In the ETF listing process, this filing is crucial, and if acknowledged by the U.S. SEC, it may usher in the 240-day approval window. Notably, the regulator has acknowledged filing for products like Dogecoin ETF, showcasing its openness to these new products.
Canary Capital is the first and only asset manager to file for an HBAR ETF in the crypto industry. The firm’s rationale for choosing Hedera hinges on the technological innovation tied to the protocol.
With advanced solutions and top tech giants acting as validators within its ecosystem, Hedera has carved a niche in the market. By submitting the 19b-4 application, Canary Capital is confident in securing approval for the product.
Crypto regulatory shift gives gope
The trend in the broader crypto ETF market shows optimism as several asset managers push for XRP, Solana, Litecoin and Dogecoin ETFs. With a new president and acting chairman of the SEC, Mark Uyeda, showing a pro-crypto stance, analysts have issued relatively higher odds of approval for the products.
Related
Sat, 02/22/2025 - 07:23 Franklin Templeton Files for Solana ETF: Details
Dan Burgin
Per Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart, the Litecoin ETF has the highest approval odds at 90%. This is based on its close ties to the Bitcoin blockchain as a proof-of-work (PoW) network.
While the analysts did not issue any odds for spot Hedera ETFs, they named it a commodity that the now crypto-friendly regulators will likely favor.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
