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13.11.2024
Canary Capital Submits Application to Launch HBAR ETF on Hedera

The investment company Canary Capital has filed an application with the SEC to create an exchange—traded fund (ETF) based on the Hedera platform's HBAR token. This fund will provide investors with the opportunity to access HBAR through the traditional stock market. Unlike futures and derivatives products, this ETF will be backed by real HBAR assets, which will reduce volatility and risks. If the SEC approves the application, it will be an important step for the integration of cryptocurrencies into traditional financial markets.