HBAR makes its entrance on Wall Street: Canary’s Hedera ETF Set to Launch on Nasdaq Soon
On Tuesday, HBAR, the native coin of Hedera, will mark its debut in the U.S. exchange-traded landscape with the launch of Canary Capital’s HBAR ETF, which is set to start trading on Nasdaq in conjunction with the company’s Litecoin offering. These two groundbreaking listings will debut in a week that is already significant due to multiple crypto fund introductions.
Steven McClurg, the CEO of Canary, verified the launches after the firm completed the necessary Form 8-A registrations on Monday and wrapped up its S-1 under the SEC’s procedural guidelines, which permit registrations to become effective 20 days post-filing once the delaying amendment is lifted.
Is it time for an HBAR ETF?
pic.twitter.com/FHxRqHGXBI
— Hedera Foundation (@HederaFndn) October 27, 2025
No Coincidence: HBAR ETF Introduction Plays on U.S. Shutdown Guidance
The launch timing is intentional. In mid-September, the SEC permitted generic listing criteria that enable exchanges to introduce spot commodity ETPs satisfying set standards, thus streamlining approval processes that had previously necessitated detailed staff evaluations.
This structural change, coupled with the shutdown directives from CorpFin, clarifies how several crypto ETFs, including Solana from Bitwise on the NYSE and Canary’s HBAR and LTC on Nasdaq, can launch within the same 24-hour period despite limited regulatory personnel.
For Hedera, having an exchange-traded vehicle on a national exchange is more than just a marketing achievement; it establishes brokerage account accessibility to HBAR for RIAs and institutions that are either unable or unwilling to handle direct custody.
Initial investments into the fund will function as a real-time assessment of the latent buyer interest for enterprise-focused Layer 1 exposure in public markets, as well as an indicator of how much capital shifts from offshore ETPs or centralized trading platform holdings into U.S. wrappers under the new regulations.
What Occurred?
• The financial entity Canary Capital (through its subsidiaries) has submitted an application to the U.S. SEC for a Spot ETF directly tracking the value of @hedera $HBAR.
• Concurrently, Nasdaq filed a rule… pic.twitter.com/88wjDDxodV— Marco Ħ
Observers in the crypto market had noted Canary’s submissions as being “at the finish line” in recent weeks; late Monday, ETF analysts highlighted listing notifications and effectiveness updates as the final pieces required before the launch.
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HBAR ETF Represents Significant Achievement: This is More Than Just Another ETF
HBAR’s configuration stands apart from the established models of BTC and Ether in two notable aspects that matter to investors. First, the creation/redemption processes under the generic standards are expected to promote stricter NAV discipline compared to earlier crypto offerings, especially if authorized participants engage in in-kind transactions.
Secondly, the consensus mechanism of Hedera’s Hashgraph and its enterprise governance proposition provide a diversification avenue within altcoin exposure that is significant for allocators concerned that smart-contract beta is increasingly focused within EVM chains.
If Canary’s product experiences robust initial market fluidity and spreads stabilize promptly, expect competing issuers to ramp up HBAR applications under the same regulatory framework, similar to how Solana’s ETF offerings expanded swiftly.
The macroeconomic backdrop also enhances the launch in a distinctive manner. This ETF opportunity arises just before major tech earnings and the FOMC meeting, a combination that can significantly impact risk profiles.
The role of HBAR’s new wrapper as either a capital attractor or a volatility enhancer will hinge on the ratio of primary-market creations to secondary-market trading in the initial days.
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The article HBAR steps onto Wall Street: Canary’s Hedera ETF Going Live on Nasdaq Imminently was first published on 99Bitcoins.
