The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed Canary HBAR ETF, a spot ETF tied to Hedera Hashgraph’s native token, HBAR.
The application was filed by Canary Capital Group, with Steven McClurg listed as the contact representative.
Registration Details Submitted Under Form S-1
Filed under Form S-1, the ETF application lists Delaware as the state of incorporation and names Chapman and Cutler LLP as legal counsel. The delay adds another digital asset fund to the growing queue of crypto-based ETFs awaiting clarity from the SEC.
Growing List of Crypto ETF Delays Continues
The move follows a series of delays by the SEC on similar crypto ETF products, including those tied to Ethereum and Solana. The Hedera community had hoped the approval of the HBAR ETF would be a milestone moment for broader adoption and institutional exposure.
Canary Capital has not yet issued a comment regarding the delay or the SEC’s next expected timeline for a decision.
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Source: https://coindoo.com/sec-delays-decision-on-canary-capitals-hbar-etf-filing/