16 Jun 2025
📈SEC Review of Proposed Canary HBAR ETF Trading Rules
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Canary HBAR ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The Securities and Exchange Commission is reviewing Nasdaq's proposed rule to list and trade shares of the Canary HBAR ETF. This proposal aims to provide exposure to Hedera Network's native asset, HBAR. The SEC is inviting public comments to assess the legality and implications of the proposed trading changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document involves a proposed rule change regarding the listing and trading of the Canary HBAR ETF, which could affect compliance and market operations for businesses involved in securities and cryptocurrency. The SEC's proceedings might influence trading practices and investor protection measures.