HBAR steps onto Wall Street: Canary’s Hedera ETF Going Live on Nasdaq Imminently

Ben Graham · Outubro 28

Hedera’s native token, HBAR, will receive its first US exchange-traded wrapper on Tuesday, with Canary Capital’s HBAR ETF slated to begin trading on Nasdaq alongside the firm’s Litecoin product. These two first-of-their-kind listings will arrive in a week already marked by a number of crypto fund debuts.

Canary’s chief executive, Steven McClurg, confirmed the launches after the firm filed the required Form 8-A registrations on Monday and finalized its S-1 under the SEC’s shutdown playbook, which allows registrations to go effective 20 days after filing when the delaying amendment is removed.

Time for an HBAR ETF? pic.twitter.com/FHxRqHGXBI

— Hedera Foundation (@HederaFndn) October 27, 2025

No Accident: HBAR ETF Launch Plays on US Shutdown Guidance

The timing is not accidental. In mid-September, the SEC approved generic listing standards that allow exchanges to list spot commodity ETPs meeting preset criteria, thereby compressing approval timelines that previously required bespoke staff reviews.

That plumbing, combined with the shutdown guidance from CorpFin, explains how multiple crypto ETFs, Solana from Bitwise on NYSE and Canary’s HBAR and LTC on Nasdaq are able to launch in the same 24-hour window despite constrained regulator staffing.

For Hedera, an exchange-traded vehicle listed on a national market is more than a marketing milestone; it formalizes brokerage-account access to HBAR for RIAs and institutions that can’t, or won’t, manage direct custody.

Early flows into the fund will serve as a live test of pent-up demand for enterprise-oriented L1 exposure in public markets, as well as a gauge of how much capital rotates from offshore ETPs or centralized exchange balances into US wrappers under the new standards.

The CANARY $HBAR ETF — a Milestone for Hedera & Institutional Adoption

What Happened?
• Financial firm Canary Capital (via subsidiaries) has filed with the U.S. SEC to launch a Spot ETF directly tracking the price of @hedera $HBAR.
• At the same time, Nasdaq filed a rule… pic.twitter.com/88wjDDxodV

— Marco Ħ (@MarcoSalzmann80) October 27, 2025

Market watchers had flagged Canary’s filings as “at the goal line” in recent weeks; on Monday evening, ETF analysts pointed to listing notices and effectiveness updates as the last boxes checked before the bell.

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HBAR ETF Marks Major Milestone: This Isn’t Just Another ETF

HBAR’s setup differs from Bitcoin and Ether precedents in two ways that investors will care about. First, creation/redemption mechanics under the generic standards should reinforce tighter NAV discipline than earlier-era crypto products, particularly if authorized participants lean into in-kind activity.

Second, Hedera’s Hashgraph consensus and enterprise governance pitch create a non-EVM diversification leg within alt exposure, which matters to allocators who see smart-contract beta as increasingly concentrated in EVM chains.

If Canary’s product sees day-one liquidity and spreads stabilize quickly, expect rival issuers to accelerate HBAR filings under the same ruleset, just as Solana’s ETF lineup filled out within weeks.

Macro context also amplifies the launch in a unique way. This ETF window lands ahead of mega-cap tech earnings and the FOMC decision, a pairing that can whipsaw risk budgets.

Whether HBAR’s new wrapper functions as a flow magnet or a volatility amplifier will depend on the balance of primary-market creations versus secondary-market churn in the first sessions.#

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