Canary Capital submitted an application to the U.S. SEC on November 12 to launch an ETF for Hedera Hashgraph’s HBAR, marking the token’s first ETF proposal. HBAR, the native currency of the Hedera blockchain, supports transactions, dApp development, and governance.
The ETF aims to hold HBAR as collateral but lacks disclosed details on custodianship or trading platforms. Analysts view this bold move as a sign of growing optimism for crypto-friendly policies under the Trump administration.
Following similar filings for XRP, Solana, and Litecoin, this proposal highlights increasing institutional interest in HBAR and its potential as a key blockchain asset.
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