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2h ago

Canary Capital Sets 1.95% Fee in S‑1 for Proposed HBAR Spot ETF

Analysts peg approval odds near 90%, sharpening scrutiny of a higher‑cost offering.

Canary unveils 1.95% fee for spot HBAR ETF

Overview

  • An S‑1 amendment filed Sept. 22 formalized a 1.95% management fee for Canary Capital’s Hedera HBAR spot ETF proposal.
  • The fee would rank near the top of crypto ETF pricing, compared with 0.95% in Canary’s Litecoin filing and roughly 0.2%–2% for Bitcoin and Ethereum funds.
  • HBAR traded around $0.22 on Monday, down about 7%, while 24‑hour volume rose roughly 152% to about $438 million, according to CoinMarketCap.
  • The proposed fund would track HBAR’s market price and offer exposure without requiring investors to hold or store the token.
  • Bloomberg’s Eric Balchunas and James Seyffart estimate about a 90% chance of approval for altcoin spot ETFs, with the SEC’s decision on HBAR still pending.