📈Proposed Rule Change for Listing and Trading Canary HBAR ETF
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of 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 has issued a notice regarding a proposed rule change to list and trade shares of the Canary HBAR ETF, as modified by Amendment No. 1. The ETF aims to provide exposure to HBAR, the native asset of the Hedera Network, through a carefully structured trading and custody arrangement. The proposal includes requirements for ongoing compliance and clarity around the fund's operational procedures and investment objectives.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change involves the listing of the Canary HBAR ETF, which has financial implications for business owners and investors looking to participate in the cryptocurrency market, particularly in HBAR. The document outlines the operational framework for ETF trading and custody, which can impact businesses involved in financial services, investment, and asset management.