{"id":32294,"date":"2024-11-13T14:30:13","date_gmt":"2024-11-13T11:30:13","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32294"},"modified":"2024-11-13T12:44:31","modified_gmt":"2024-11-13T09:44:31","slug":"hbar-coin-etf-application-filed","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hbar-coin-etf-application-filed\/","title":{"rendered":"HBAR Coin ETF Application Filed!"},"content":{"rendered":"<p>Cryptocurrency investment firm Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) for Hedera (HBAR). Following the approval of Bitcoin and Ethereum ETFs, altcoin ETF applications have gained momentum.<\/p>\n<p>In the filing made on Tuesday, Canary Capital presented a plan for an ETF aimed at providing direct exposure to the value of HBAR, the native cryptocurrency of the Hedera Hashgraph network. Canary Capital had previously launched an investor trust for HBAR in October.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hbar-coin-etf-application-filed\/#Hedera_Hashgraph_and_HBARs_Role\" title=\"Hedera Hashgraph and HBAR&#8217;s Role\">Hedera Hashgraph and HBAR&#8217;s Role<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hbar-coin-etf-application-filed\/#SECs_Cryptocurrency_ETF_Policy_and_Future_Expectations\" title=\"SEC&#8217;s Cryptocurrency ETF Policy and Future Expectations\">SEC&#8217;s Cryptocurrency ETF Policy and Future Expectations<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Hedera_Hashgraph_and_HBARs_Role\"><\/span><strong>Hedera Hashgraph and HBAR&#8217;s Role<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HBAR is the native cryptocurrency of the Hedera Hashgraph network, a distributed ledger technology platform designed to provide high performance, security, and governance. It is used to support decentralized applications, facilitate transactions, and participate in network governance.<\/p>\n<p>The application stated that the HBAR ETF would aim to hold only HBAR directly, avoiding financial instruments such as derivatives or futures. No custodian or manager has yet been named in the filing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SECs_Cryptocurrency_ETF_Policy_and_Future_Expectations\"><\/span><strong>SEC&#8217;s Cryptocurrency ETF Policy and Future Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Earlier this year, the SEC approved 11 spot Bitcoin ETFs and eight Ethereum ETFs. However, it remains uncertain whether the SEC will approve more altcoin ETFs. Speculation about SEC Chairman Gary Gensler\u2019s potential resignation has increased, with expectations of a leadership change, as Donald Trump has indicated plans to remove Gensler if elected.<\/p>\n<p>Nate Geraci, President of ETF Store, said, &#8220;This filing is a sign that some ETF issuers expect significant changes in the regulatory winds surrounding crypto. Under a new Trump administration, we could see a more aggressive approach to crypto ETF filings at the SEC.&#8221;<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency investment firm Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) for Hedera (HBAR). Following the approval of Bitcoin and Ethereum ETFs, altcoin ETF applications have gained momentum. In the filing made on Tuesday, Canary Capital presented a plan for an ETF aimed<\/p>\n","protected":false},"author":23,"featured_media":32295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[58,297,940,39],"class_list":["post-32294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cryptocurrency","tag-etf","tag-hbar","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HBAR Coin ETF Application Filed! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/hbar-coin-etf-application-filed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HBAR Coin ETF Application Filed! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency investment firm Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) for Hedera (HBAR). 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