EddieJayonCrypto

 25 Feb 25

tl;dr

Canary Capital filed a 19b-4 rule change with the Securities and Exchange Commission for its Hedera ETF. The filing proposes listing shares as commodity-based trust shares under Nasdaq rule 5711(d), positioning the HBAR ETF alongside Litecoin as a leading proposal among altcoin spot ETF applications...

Canary Capital filed a 19b-4 rule change with the Securities and Exchange Commission for its Hedera ETF. The filing proposes listing shares as commodity-based trust shares under Nasdaq rule 5711(d), positioning the HBAR ETF alongside Litecoin as a leading proposal among altcoin spot ETF applications.

Regulatory shifts following Gary Gensler’s departure as SEC Chair have coincided with a rise in altcoin ETF filings. Proposals for spot ETFs on assets such as XRP and Dogecoin have also increased as issuers adjust to evolving oversight, a trend highlighted by recent applications now under active review. The proposed rule change outlines the operational framework for trading the Trust shares under Nasdaq’s established rules as investor sentiment shifts in response to the SEC’s forthcoming review.

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