- The SEC initiated the exam of the Canary Hbar ETF, which begins with the phase of submitting statements from the public.
- Hbar trade fell by 5.73 %, but sales rose by 37.57 % in view of a wedge pattern shortly before the outbreak.
The US stock exchange supervision SEC has the formal procedure for checking the request for the request of the Canary Hbar ETF on the Nasdaq initiated. According to the application, a commodity-based trust, which holds the native Hbar token.
The review does not mean consent or rejection in this stage. Instead, the SEC wants to examine whether the ETF would meet the regulatory requirements in terms of market integrity, investor protection and trade monitoring. The public has time to submit comments until July 7, 2025, with counter arguments must be available by July 21, 2025.
BREAKING: SEC Institutes Review of HBAR ETF
The SEC has officially launched proceedings to determine whether to approve or disapprove Nasdaq’s proposal to list the Canary HBAR ETF — a commodity-based trust that would hold #Hbarthe native asset of the @Hedera Network.
— Generation Infinity (@GenfinityIO) June 17, 2025
… 
If the Canary Hbar ETF is approved, it would be the first product in the United States to offer traditional investors a direct commitment in HBAR. The trust would use the Coindesk Hedera USD CCIX 30min NY rate as a price benchmark. The assets would only include Hbar and cash, with returns in both forms for blocks of 10,000 shares.
Possible signal for a shift
The SEC’s decision to enter the examination phase is in line with your approach to other ETF applications for digital assets such as Doge and Dot. The authority checks whether the structure corresponds to the federal securities laws and does not raise any unexpected problems.
The proposed ETF is to be managed by the Canary Capital Group, whereby Bitgo and Coinbase Custody will be cared for. Canary is active in the area of crypto ETFs and recently submitted a tron ETF with stacking and suggestions for Solana, SUI and PENGU ETFs, which indicates broader ambitions in the area of digital assets.
No decision has yet been made, but the review period confirms that the application is still active. If the application is approved, this would be an important step for Hedera’s entry into conventional markets.
Hbar course falls the turnover increases
The latest merchant data show that Hbar noted at $ 0.1524, with a daily decline of 5.73 %. Despite the drop in the price, the trading volume has increased to $ 185.38 million, which corresponds to an increase of 37.57 %. These numbers indicate increasing activity, even if the market mood remains unsafe.
The open interest at HBAR derivatives fell by 5.39% and is now $ 229.39 million. This change indicates that fewer retailers keep lifted positions. The financing rate of 0.0050 % in the eight-hour cycle indicates a slight tendency towards long positions, if not enough to create strong buying pressure.
The liquidation data for the same period show that a total of $ 830,000 were closed in positions. The long positions were $ 698,300, while the short positions were $ 131,700. This imbalance indicates that many dealers calculated with an upward trend that did not adjust.
An analyst of X noticeablethat Hbar is currently between $ 0.13 and $ 0.16 above a support zone. The token has been traded within a descending wedge since January. The relative strength index is now approaching the edge of this pattern and also bounces near the support area. A degree above the upper trend line of the wedge could raise the price to about $ 0.60, which would mean an increase of 293.7 % compared to the current price.
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