Investment management firm Canary Capitalhas filed application for HBAR ETF in yet another push for more crypto-based funds in the United States. While unexpected, the Canary HBAR ETF will mark the latest from the firm as it doubles down on the hype around the incoming Donald Trump administration.
The Canary HBAR ETF – The Odds
This latest filing from Canary Capital is coming as a major shock to many ETF experts. This is because many do not know much about the Hedera Network and its ecosystem. This is not unexpected since the entire crypto revolution is just going mainstream.
Despite the relative obscurity of Hedera to mainstream market participants, Canary Capital said the fund will hold HBAR. The filing also noted that it will establish the coin’s Net Asset Value (NAV) by referencing the price of HBAR in US Dollars as calculated by Coindesk.
As reported earlier by Coingape, Canary Capital pioneered the Litecoin ETF filing move, and this HBAR ETF pursuit makes it the most aggressive asset manager for crypto.
This is a breaking news, please check back for updates!!!
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