Canary Capital Sets 1.95% Fee for HBAR ETF Amid Approval Optimism

Canary Capital has amended its S-1 registration for the Canary Spot ETF, establishing a 1.95% management fee for its proposed HBAR ETF. This positions it among the most expensive crypto-based ETFs.

The fee highlights increasing costs for altcoin market access.
For comparison, Canary's Litecoin ETF filing disclosed a 0.95% fee, while Bitcoin and Ethereum ETFs typically have fees between 0.2% and 2%.

HBAR is the native asset of the Hedera network, known for decentralized applications and enterprise blockchain solutions. The ETF would track HBAR’s market price, offering investment access without the risks of directly holding the token.

Market Context and Investor Interest

As of Sept. 22, 2025, HBAR traded at $0.22, down 7%, with a trading volume increase of 152% to $438 million, despite the price drop.
This suggests sustained investor interest amid ETF developments.

Bloomberg analysts estimate a 90% approval probability for altcoin spot ETFs, supported by a positive shift in US regulatory stance.

Short-term price movements for HBAR and major cryptocurrencies like Bitcoin, Ethereum, and Solana are influenced by broader market conditions.