SEC Snoozes on Hedera Crypto ETF Launch Decision
Published Date: 4/30/2025
Notice
Summary
The SEC is taking extra time to review Nasdaq’s plan to list and trade shares of the Canary HBAR ETF, a new commodity-based fund. This means investors and traders interested in this ETF will have to wait a bit longer before it hits the market. The delay helps ensure everything is in order before the ETF starts trading, with no immediate money changes yet.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
SEC delays Canary HBAR ETF decision
If you were planning to buy shares of the Canary HBAR ETF, the SEC extended its review and set June 11, 2025 as the new deadline to approve, disapprove, or institute proceedings on the listing. The original 45-day review period would have ended on April 27, 2025, so you must wait longer before the ETF can start trading; there are no immediate changes to your money right now.
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