HBAR ETF Goes Live: First U.S. Spot Hedera Fund Hits Nasdaq as "HBR"

Canary Capital launched the first U.S. spot HBAR ETF under ticker HBR on Nasdaq on October 28, 2025, marking a historic milestone for Hedera Hashgraph. The fund offers direct exposure to HBAR tokens, held securely with BitGo and Coinbase Custody, and tracks pricing via CoinDesk Indices. Enabled by the SEC’s expedited "shutdown playbook" and new generic listing standards, the ETF became effective just 20 days after filing — bypassing lengthy individual reviews.

Despite a quiet debut with zero inflows and minimal volume, the launch delivers a major credibility boost for Hedera, giving institutional and retail investors regulated access to HBAR without managing wallets. Hedera Foundation’s Gregg Bell hailed it as a "pivotal moment", opening a new chapter for compliant crypto investment. Canary launched the HBAR ETF alongside its Litecoin fund, with Bitwise’s Solana ETF also debuting the same day — signaling rapid maturation in altcoin ETF approvals.

Grayscale’s HBAR ETF application (filed in March 2025) remains pending, while BlackRock’s rumored filing has not yet appeared. The Canary HBR ETF now stands as the only live U.S.-regulated vehicle for HBAR exposure, positioning Hedera at the forefront of institutional crypto adoption through traditional markets.