Canary

Hedera

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/canary-capital-launches-first-u-s-hbar-trust-to-attract-institutional-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Canary Capital Launches First U.S. HBAR Trust to Attract Institutional Investors</a> 
The launch of the first U.S. HBAR Trust by Canary Capital has sparked excitement regarding a potential ETF launch for Hedera. Such trusts have previously paved the way for Bitcoin and Ethereum Spot ETFs in the U.S.
<h2 id="hbar-trust-initiated">HBAR Trust Initiated</h2>
Under the leadership of Steven McClurg, Canary Capital has initiated the first U.S. HBAR trust, offering institutional investors an opportunity to invest in Hedera’s native <a href="https://en.coin-turk.com/usa-convenes-to-implement-cryptocurrency-regulations-schedule-and-particulars/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>. This move allows institutional investors interested in HBAR to purchase through a familiar investment method while minimizing custody risks.
Canary Capital’s action coincides with a period of increased interest from Wall Street players in Bitcoin and other altcoins. The launch aims to respond to the growing institutional demand in the market.
<h2 id="speculations-surrounding-hedera-etf-intensify">Speculations Surrounding Hedera ETF Intensify</h2>
Hedera’s reputation as a corporate-level blockchain continues to attract investor interest. With its acclaim in areas such as asset tokenization, NFTs, and web3 applications, Hedera’s trust launch has triggered speculations about a potential ETF launch. However, it is essential to note that the SEC currently does not classify altcoins other than ETH and BCH as commodities, which has previously led to <a href="https://en.coin-turk.com/solana-sol-falls-below-100-amid-market-volatility-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> Coin ETF applications being withdrawn.
Canary Capital stated that U.S. institutional investors can now invest in cryptocurrencies through this new trust. Many experts view this development as a significant milestone for the cryptocurrency, believing that if the network continues to gain momentum, an ETF could be a natural step toward increasing institutional adoption.
Steven McClurg from Canary Capital pointed out the rising demand for crypto offerings in the U.S. In a press release, he emphasized the need for innovative solutions beyond simple products.
Despite a general decline in the market, HBAR’s trading volume has increased by approximately 10%, reaching $56.67 million. However, cryptocurrencies continue to decline due to U.S. PMI data and Iran’s missile activities.
In summary, the launch of the first U.S. HBAR Trust could pave the way for a potential ETF for Hedera. Developments in the <a href="https://en.coin-turk.com/okx-exchange-to-cease-operations-in-india/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> and institutional interests continue to shape this process.
The post <a href="https://en.coin-turk.com/canary-capital-launches-first-u-s-hbar-trust-to-attract-institutional-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Canary Capital Launches First U.S. HBAR Trust to Attract Institutional Investors</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Canary Capital Launches First U.S. HBAR Trust to Attract Institutional Investors

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