Investment company Canary Capital has filed an application with the SEC seeking authorization to list and trade shares of its spot Hedera exchange-traded fund (ETF).
The application, which was filed November 12 in the form of an S-1 registration statement, proposes to allow US investors to trade shares of the Canary Hedera ETF fund on an unspecified platform.
This would make it one of the first investment products to offer exposure to a spot-listed HBAR vehicle. In addition, Canary has also applied to list and trade ETFs for spot XRP and Solana.
The filing states that the ETF will not use derivatives or futures contracts based on HBAR, which would fall under the jurisdiction of The US Commodity Futures Trading Commission.