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The SEC has initiated a formal review of the Canary HBAR ETF proposal, scrutinizing its compliance with market integrity and investor protection standards. If approved, this would be the first U.S.-listed ETF offering direct exposure to Hedera’s native token, HBAR. The decision could pave the way for broader institutional adoption of Hedera’s blockchain.
- The SEC is reviewing the Canary HBAR ETF for compliance with Rule 5711(d), focusing on market integrity and investor protection.
- If approved, this would be the first U.S.-listed ETF offering direct exposure to Hedera's HBAR token, backed by BitGo and Coinbase Custody.
- The SEC's decision could influence future crypto ETF approvals, as it mirrors its cautious stance on altcoin-based investment products.
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