Canary HBAR ETF (HBR)

The Canary HBAR ETF (HBR) is an exchange-traded product sponsored by Canary Capital that holds HBAR, the native token of the Hedera network.

Hedera is a public distributed ledger that uses a hashgraph consensus algorithm and is governed by a council of organizations. HBAR is used to pay transaction fees and to help secure the network.

The fund is designed to track the value of the HBAR it holds, less expenses, allowing investors to gain exposure to the token through a brokerage account without directly buying or storing the cryptocurrency. The tokens are held with a third-party custodian.