Canary has filed an amended S-1 registration statement for its HBAR ETF, a step typically taken after receiving feedback from the U.S. Securities and Exchange Commission (SEC). This suggests ongoing discussions between Canary and the regulators. However, the ETF still requires a 19b-4 filing, a crucial step before approval can be granted. Without it, the ETF is not yet ready for trading, keeping investors in suspense.
Litecoin ETF’s Path Raises Hopes for HBAR’s Approval
The recent developments around the Litecoin ETF (LTCC) provide some optimism. Like HBAR, Litecoin’s ETF also went through an amended filing stage before making further progress. According to Polymarket data, Litecoin’s ETF has an 85% chance of approval this year, raising speculation that HBAR could follow a similar path. If the SEC is warming up to crypto ETFs, Canary’s HBAR ETF might have a better shot at approval.
Crypto ETF Trends: A Shift in SEC’s Stance?
The SEC’s recent approval of Bitcoin spot ETFs marks a significant shift in its approach to cryptocurrency-based investment products. While this signals growing acceptance, each new ETF still faces individual scrutiny. The SEC’s decision on the HBAR ETF will depend on regulatory concerns, market stability, and institutional interest. A rejection could signal stricter policies ahead, while an approval would open new doors for crypto investments.
What’s Next for Canary’s HBAR ETF?
For now, all eyes are on the next key filing – the 19b-4 submission. Without it, the ETF cannot move forward. Investors and crypto enthusiasts are watching closely to see if the SEC delays or accelerates the process. If approved, this ETF could boost HBAR’s mainstream adoption, giving institutional investors a regulated way to invest in Hedera’s ecosystem. Until then, uncertainty remains.
Other Crypto ETFs That Faced Rejection
While some ETFs have seen progress, others have struggled to gain SEC approval. In the past, applications for XRP and Solana ETFs were delayed due to regulatory concerns about market manipulation and liquidity risks. The agency often cites concerns about fraud, volatility, and investor protection when rejecting ETFs. If HBAR’s ETF meets a similar fate, it would indicate that regulators remain hesitant about expanding crypto-backed financial products. However, if Canary can address these concerns, there is still hope for approval in the future.
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