SEC Ponders Crypto Bird ETF: Canary in Coal Mine for HBAR?
Published Date: 6/16/2025
Notice
Summary
The SEC is deciding whether to approve Nasdaq’s plan to list and trade shares of the Canary HBAR ETF, a new fund tied to the cryptocurrency Hedera Hashgraph. This affects investors interested in crypto-based ETFs and could open fresh trading opportunities soon. The SEC’s decision deadline is June 11, 2025, so keep an eye out for updates that might impact your portfolio.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Proposed HBAR ETF May Reach Investors
The SEC is reviewing Nasdaq’s proposal to list the Canary HBAR ETF, a fund that would hold only the Hedera native token (HBAR) and cash and use the CoinDesk Hedera USD CCIX 30min NY Rate to set its net asset value. The Commission set June 11, 2025 as the deadline to decide and is seeking public comments by July 7, 2025 (rebuttals due July 21, 2025); the ETF would create or redeem Shares in blocks of 10,000 Shares.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in