$HBAR closes today its public comment period for the proposed ETF by Canary Capital
July 7, 2025 — This Monday marks a key milestone in the path towards the possible approval of the first ETF linked to Hedera (HBAR). The U.S. Securities and Exchange Commission (SEC) closes today the public comment period related to the application submitted by Nasdaq to list the “Canary HBAR ETF,” a fund directly backed by the cryptocurrency.
Since June 10, investors, analysts, and citizens have been able to submit their opinions, either in support of or against the ETF. This process is a regular part of the procedure when the SEC begins a more detailed review of a proposed exchange-traded fund.
Although some project supporters hoped for a decision today, the truth is that the SEC is not obligated to resolve immediately. In fact, it is most likely that the final decision will come between September and November, after analyzing the comments received and possible replies (which can be submitted until July 21).
Why is it important?
A potential approval would open the door to greater institutional exposure to HBAR and could facilitate its adoption in traditional markets. However, regulators maintain a cautious stance towards these types of products linked to crypto assets.
And what now?
The market will be attentive to any updates from the SEC or the ETF proponents. Meanwhile, the closure of the comment period represents a formal but important step in the regulatory process.
