Canary Capital Group has launched a new fund, the Canary HBAR ETF (NASDAQ:HBR), on October 28, marking a notable expansion in access to digital assets beyond the widely recognized Bitcoin and Ethereum. This innovative fund offers investors direct exposure to the Hedera network’s native token, HBAR, which is distinguished by its proof-of-stake design. This technology allows for rapid transaction speeds and low fees, making it an appealing option for both institutional and retail investors.
The Canary HBAR ETF features a sponsor fee of 0.95%. Its introduction follows the firm’s earlier successful launch of the Canary HBAR Trust, the first U.S. investment vehicle specifically created for HBAR. Designed to streamline the investment process, the new ETF avoids the complexities of self-custody and cumbersome crypto platforms, positioning itself as a regulated alternative for those looking to invest in Hedera’s burgeoning ecosystem.
The Hedera network has garnered the participation of major corporations, including Alphabet Inc. and IBM, which are part of its governing council. The network’s robust technology already supports billions of transactions and is utilized by various enterprises exploring applications in tokenization, settlement systems, and decentralized applications.
Steven McClurg, CEO and founder of Canary Capital, emphasized that the approval of a spot HBAR ETF is a significant milestone, enhancing investor access to the digital asset economy. He remarked, “Hedera is built for what’s next; enterprise tokenization, high-speed settlement, real-world Web3 infrastructure.” McClurg’s comments reflect a broader trend in the digital asset market, where interest is shifting towards crypto networks that demonstrate real-world utility and scalability rather than mere speculative gains.
McClurg expressed enthusiasm for a new era of tokenization, which is transitioning from a theoretical concept into tangible applications: “Hedera is at the center of that shift — its network is already being used by enterprises to issue, settle, and track digital assets at scale. HBR gives investors a front-row seat to that evolution.” The launch of the Canary HBAR ETF reinforces the growing appetite among investors for innovative financial products that capitalize on the practical uses of blockchain technology.
