Canary Capital Files 19b-4 for HBAR ETF Amid Institutional Interest

• Canary Capital filed a 19b-4 with the SEC for a Hedera (HBAR) ETF.
• Market cap rose 6.03% to $9.35B, with trading volume up 137.03%.

Canary Capital has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) for a Hedera (HBAR) exchange-traded fund (ETF). The filing follows an amended S-1 submission last week, signaling progress in regulatory discussions. If approved, the ETF would allow Nasdaq to list and trade HBAR shares, providing broader access to institutional and retail investors.

The push for an HBAR ETF comes after Canary Capital launched the first Hedera Trust in October 2024, offering accredited investors a regulated entry into the asset. Increased liquidity and integration with traditional investment portfolios could enhance the appeal of Hedera as a digital asset.

The filing aligns with the SEC’s evolving stance on cryptocurrency ETFs, following the approval of spot Bitcoin ETFs, including those from BlackRock and Fidelity. Market participants are closely monitoring the agency’s response to altcoin ETF applications, with the outcome potentially setting a precedent for broader digital asset fund approvals.

Hedera Surges as Institutional Interest Grows

Following the announcement, Hedera’s price rose 6.08 percent in the past 24 hours to $0.2236. The market capitalization climbed to $9.35 billion, reflecting a 6.03 percent increase, while trading volume surged 137.03 percent to $378.41 million. Hedera currently has 41.9 billion HBAR in circulation out of its maximum supply of 50 billion.

Technical indicators show mixed signals, with the Relative Strength Index (RSI) at 46.65, suggesting neutral momentum. The RSI average stands at 59.45, while the Chaikin Money Flow (CMF) is at 0.06, indicating mild capital inflows. Key support remains at $0.2062, while resistance is positioned at $0.2270. A breakout above this level could push HBAR toward $0.24, while a drop below support may bring it closer to $0.20.

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