Key takeout
- NASDAQ filed with the SEC to list and trade Canary HBAR ETF shares.
- Canary Capital is expanding its cryptographic products with HBAR and Litecoin ETFs.
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NASDAQ is seeking approval to file Form 19B-4 with the SEC and list and trade shares in Canary HBAR ETF. This is an investment product designed to track the spot price of HBAR, the 21st largest cryptocurrency by market capitalization.
The filing follows the launch of the US's first HBAR Trust in October and the subsequent S-1 registration statement filed in November, providing investors' exposure to Hedera's Hbar tokens. It's the purpose.
“As the most used network in transaction counting, Hedera is a prime example of a type of enterprise technology at the intersection of cryptographic and real-world scalability,” says Stephen McCrueg, CEO of Canary Capital. states. The company's HBAR Trust.
According to Bloomberg ETF analyst Eric Balknath, the NASDAQ submission is due to Canary Capital's spot Litecoin ETF approaching approval for potential SECs for listings and transactions.
Litecoin's regulatory outlook may be favorable as it avoids legal disputes with the SEC and is classified as a merchandise by the CFTC in the Kucoin lawsuit.
The company's Spot Litecoin ETF appeared in Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC.
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