Canary Capital’s HBAR ETF: Nasdaq Filing Signals Approval Push

• Nasdaq has filed 19b-4 application documents for Canary Capital’s HBAR ETF
• Canary Capital filed an amended Form S-1
• HBAR and Litecoin now have improved prospects for ETF approval

Canary Capital, a digital asset investment firm, filed the 19b-4 for their Hedera (HBAR) Exchange-Traded Fund (ETF).

They have recently advanced their efforts to launch an HBAR ETF by filing an amended Form S-1 with the US Securities and Exchange Commission (SEC). This amendment usually comes after feedback from the SEC, showing progress in the regulatory review process.

The next step is the filing of Form 19b-4 by the exchange planning to list the ETF. This form officially proposes the rule change needed for the ETF’s approval and listing.

Nasdaq Submits Form 19b-4 for HBAR ETF

As such, today, Nasdaq has officially submitted 19b-4 application documentation in support of Canary Capital’s HBAR ETF.

This development mirrors Canary’s previous actions with their Litecoin (LTC) ETF, which also saw an amended S-1 filing following SEC comments. The active back-and-forth with the SEC suggests a thought-out plan to meet regulatory expectations and increase the likelihood of approv…

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