{"id":172479,"date":"2024-10-02T12:57:28","date_gmt":"2024-10-02T12:57:28","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172479"},"modified":"2024-10-02T12:57:43","modified_gmt":"2024-10-02T12:57:43","slug":"canary-hbar-trust-debuts-as-institutional-on-ramp-to-hedera-token-is-an-etf-next","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/canary-hbar-trust-debuts-as-institutional-on-ramp-to-hedera-token-is-an-etf-next\/","title":{"rendered":"Canary HBAR Trust Debuts as Institutional On-Ramp to Hedera Token\u2014Is an ETF Next?"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Canary Funds launches Canary HBAR Trust<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0in the U.S., providing institutional investors with a regulated avenue to acquire Hedera\u2019s native token, HBAR, and paving the way for future HBAR ETFs.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">HBAR gains traction<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0due to its support for asset tokenization, Web3 applications, and NFTs, with the Hedera Foundation emphasizing the potential for increased institutional investment opportunities.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market context<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The launch aligns with rising institutional demand for cryptocurrencies, following the SEC\u2019s approval of Bitcoin and Ethereum ETFs.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Canary Funds has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.hbarfoundation.org\/blog-post\/canary-capital-makes-debut-launches-u-s-s-first-hbar-trust\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">launched <\/span><\/a><span data-preserver-spaces=\"true\">the Canary HBAR Trust in the United States<\/span><\/strong><span data-preserver-spaces=\"true\">, marking a significant milestone for institutional investors seeking exposure to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/hedera-hashgraph\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Hedera<\/span><\/a><span data-preserver-spaces=\"true\">\u2019s native digital asset, HBAR. <\/span><strong><span data-preserver-spaces=\"true\">This move is part of Canary Funds\u2019 broader strategy<\/span><\/strong><span data-preserver-spaces=\"true\"> to pave the way for HBAR exchange-traded funds (ETFs).<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Canary HBAR Trust: Institutional Investors in the US Can Now Acquire HBAR \ud83c\udfe6<\/p>\n<p>We\u2019re excited to announce that <a href=\"https:\/\/twitter.com\/CanaryFunds?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@CanaryFunds<\/a>, the digital asset-focussed investment firm founded by <a href=\"https:\/\/twitter.com\/stevenmcclurg?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@stevenmcclurg<\/a>, has launched the first dedicated HBAR investment vehicle in the United States \ud83d\udc47 <a href=\"https:\/\/t.co\/PHwJ56qoU0\" target=\"_blank\">pic.twitter.com\/PHwJ56qoU0<\/a><\/p>\n<p>&mdash; HBAR Foundation (@HBAR_foundation) <a href=\"https:\/\/twitter.com\/HBAR_foundation\/status\/1841119063969308862?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Institutional Access to Canary HBAR Trust<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Canary HBAR Trust aims to provide a secure and regulated avenue<\/span><\/strong><span data-preserver-spaces=\"true\"> for institutional investors to acquire HBAR. This initiative is expected to attract large-scale investors who have been previously sidelined due to the lack of institutional-grade investment vehicles for HBAR. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The Trust will facilitate private offerings, ensuring that investors meet specific qualifications before gaining access. <\/span><strong><span data-preserver-spaces=\"true\">HBAR,<\/span><\/strong><span data-preserver-spaces=\"true\"> the native token of the Hedera network, <\/span><strong><span data-preserver-spaces=\"true\">is gaining traction due to its robust support<\/span><\/strong><span data-preserver-spaces=\"true\"> for asset tokenization, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-web3\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Web3<\/span><\/a><span data-preserver-spaces=\"true\"> applications, and NFT issuance. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The Hedera Foundation has highlighted that increasing HBAR\u2019s accessibility to institutional capital could open more investment opportunities within the digital asset industry.<\/span><\/p>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172480\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CanaryCapitalHBAR.jpg\" alt=\"Canary HBAR Trust Debuts as Institutional On-Ramp to Hedera Token\u2014Is an ETF Next?\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CanaryCapitalHBAR.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CanaryCapitalHBAR-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CanaryCapitalHBAR-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Market Context and Comparisons<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The launch of the Canary HBAR Trust comes at a time when the demand for <\/span><strong><span data-preserver-spaces=\"true\">institutional access to cryptocurrencies is on the rise<\/span><\/strong><span data-preserver-spaces=\"true\">. The U.S. Securities and Exchange Commission\u2019s approval of Bitcoin and Ethereum ETFs has set a precedent, with Bitcoin ETFs witnessing cumulative net inflows of $18.86 billion. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Blackrock leads the ETF market with $21.50 billion in net inflows, while Ethereum ETFs hold 2.27% of the asset\u2019s market cap. <\/span><strong><span data-preserver-spaces=\"true\">The introduction of the Canary HBAR Trust<\/span><\/strong><span data-preserver-spaces=\"true\"> is seen as a precursor to the <\/span><strong><span data-preserver-spaces=\"true\">potential launch of HBAR ETFs<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As institutional interest in major altcoins like Solana and XRP grows, the market is ripe for new investment vehicles. Grayscale\u2019s recent launch of the XRP Trust further underscores the trend of increasing institutional participation in the digital asset space.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite the positive developments, <\/span><strong><span data-preserver-spaces=\"true\">HBAR\u2019s price has seen a decline of 7% in the last 24 hours, with a 5% dip over the past week.<\/span><\/strong><span data-preserver-spaces=\"true\"> However, the trading volume has surged by 35%, indicating heightened market activity. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The Canary HBAR Trust represents a significant step towards mainstream adoption of HBAR, potentially setting the stage for future ETFs and broader institutional engagement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Canary Funds launches Canary HBAR Trust\u00a0in the U.S., providing institutional investors with a regulated avenue to acquire Hedera\u2019s native token, HBAR, and paving the way for future HBAR ETFs. HBAR gains traction\u00a0due to its support for asset tokenization, Web3 applications, and NFTs, with the Hedera Foundation emphasizing the potential for increased institutional investment opportunities. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Canary HBAR Trust Debuts as Institutional On-Ramp to Hedera Token\u2014Is an ETF Next?\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/canary-hbar-trust-debuts-as-institutional-on-ramp-to-hedera-token-is-an-etf-next\/#more-172479\" aria-label=\"More on Canary HBAR Trust Debuts as Institutional On-Ramp to Hedera Token\u2014Is an ETF Next?\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5536,4924,5276],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172479"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172479"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172479\/revisions"}],"predecessor-version":[{"id":172483,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172479\/revisions\/172483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172481"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}