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International Business Times
International Business Times
Business
Marvie Basilan

Canary Capital Files To Issue First $HBAR ETF, Driving Hedera Price Up

Canary Canary Capital Hedera ETF Crypto Bitcoin Cryptocurrency Litecoin
Canary Capital is a first mover, filing an S-1 form in hopes of issuing an $HBAR ETF. (Credit: EpicTop10.com/flickr)

KEY POINTS

  • $HBAR trading volumes surged by 270% in the last 24 hours amid news of Canary's filing
  • Canary said it believes in the Hedera Network's 'enterprise-led structure' in its governance
  • Canary Capital previously filed to issue $XRP, $LTC, and $SOL ETFs

Cryptocurrency investment firm Canary Capital has filed to issue a Hedera (HBAR) exchange-traded fund (ETF), marking the first time such a fund has been floated in the growing crypto ETF realm.

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