Key Insights:
- Canary HBAR ETF reaches $70M AUM in 4 days, drawing major attention from analysts.
- SEC set to decide on Grayscale HBAR ETF listing by November 12, review still ongoing.
- Trading volume peaks as ETF inflows hit $44.39M; share price holds steady at $0.055.
The Canary HBAR ETF recorded strong inflows in its first four days after launch. Based on publicly shared data, the fund increased its holdings from 5.5 million HBAR to 360 million HBAR between pre-launch and Day 4. The largest single-day jump took place between Day 1 and Day 2, when inflows rose from 16 million to 173 million HBAR.
Assets under management (AUM) also grew alongside inflows. Starting at $1 million pre-launch, the fund reached $70 million in AUM by Day 4. By Day 2, the ETF had already reached $35 million, doubling over the next two days. This pace has drawn attention from market watchers.
Grayscale HBAR ETF Decision Expected by November 12
A second HBAR-linked ETF could be approved soon. The US Securities and Exchange Commission (SEC) is reviewing Nasdaq’s proposed rule change to list and trade shares of the Grayscale Hedera Trust under Rule 5711(d). The filing was made on February 28, 2025, and was published for public comment on March 17.
On April 29, the SEC extended the review period, setting November 12, 2025 as the deadline for a decision. The proposal remains under evaluation.
Some industry voices point to new listing standards introduced by Paul Atkin as a possible factor that could assist in moving the approval forward. However, the SEC has not made any formal comment on how these standards may influence the outcome.
Latest Data Confirms Continued Activity
According to SoSoValue, as of October 31, the Canary HBAR ETF had collected $44.39 million in net inflows. The largest daily inflow was seen on October 30. October 29 and October 31 showed smaller inflow figures, suggesting varied trading volumes across the week.
The ETF’s net assets reached $45.93 million. Daily trading volume stood at 108.79K HBAR, with a total value traded of $2.93 million. The fund traded with a 1.85% premium or discount, and the HBAR share price remained steady at $0.055.
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