4 months ago
Canary Capital filed a 19b-4 regularisation alteration with the Securities and Exchange Commission for its Hedera ETF. The filing, acceptable retired successful a 60‐page papers (SR-NASDAQ-2025-018), proposes listing shares arsenic commodity-based spot shares nether Nasdaq regularisation 5711(d).
Bloomberg’s Eric Balchunas noted the filing follows an amended S-1 submitted past week aft the SEC provided comments, positioning the HBAR ETF alongside Litecoin arsenic a starring connection among altcoin spot ETF applications.
Canary Capital 19b (Source: Eric Balchunas)Regulatory shifts pursuing Gary Gensler’s departure arsenic SEC Chair person coincided with a emergence successful altcoin ETF filings. Proposals for spot ETFs connected assets specified arsenic XRP and Dogecoin person besides increased arsenic issuers set to evolving oversight, a inclination highlighted by caller applications present nether progressive review.
The projected regularisation alteration outlines the operational model for trading the Trust shares nether Nasdaq’s established rules arsenic capitalist sentiment shifts successful effect to the SEC’s forthcoming review.
The station Litecoin, Hedera beforehand runners for adjacent spot crypto ETF arsenic SEC makes comments appeared archetypal connected CryptoSlate.
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