Canary Capital Launches Spot HBAR ETF, Opening Access to the Next Generation of Digital Assets

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9:00 AM on Tuesday, October 28

The Associated Press

NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct 28, 2025--

Canary Capital Group LLC (“Canary Capital”), a digital asset-focused investment firm, today announced the launch of the Canary HBAR ETF (Nasdaq: HBR), a U.S. exchange-traded fund providing spot exposure to HBAR, the native token of the Hedera network. The fund, declared effective by the U.S. Securities and Exchange Commission (SEC), is expected to begin trading on Tuesday, October 28th, 2025, subject to standard exchange procedures.

“The approval of a spot HBAR ETF represents a major step forward in broadening investor access to the digital asset economy,” said Steven McClurg, CEO and Founder of Canary Capital. “Hedera is built for what’s next; enterprise tokenization, high-speed settlement, real-world Web3 infrastructure. 1 For investors, HBAR offers a potential opportunity to gain exposure to a network already powering billions of transactions from some of the world’s largest Enterprises.”

As the market matures beyond Bitcoin and Ethereum, investors are seeking digital assets backed by real utility, scalability, and enterprise adoption. Hedera’s proof-of-stake network, governed by global organizations including Google and IBM, processes millions of transactions per day with low fees and minimal energy use, qualities that make it a leading platform for asset tokenization, stablecoins, and decentralized applications.

The Canary HBAR ETF gives investors straightforward exposure to HBAR without the challenges of self-custody building on the firm’s earlier success with the Canary HBAR Trust, the first U.S. investment vehicle dedicated to HBAR.

“We’re entering a new era where tokenization is moving from concept to real-world adoption,” said McClurg. “Hedera is at the center of that shift—its network is already being used by enterprises to issue, settle, and track digital assets at scale. HBR gives investors a front-row seat to that evolution.”

To learn more about HBR click here.

About Canary Capital

Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.

Disclosures and Risk

Investing Involves Significant Risk. The loss of principal is possible. Canary Hedera ETF (the "Fund") may not be suitable for all investors. This communication does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The Fund’s investment objectives, risks, charges and expenses should be consideredbefore investing. The prospectus contains this and other important information, and itmay be obtained athttps://etfs.canary.capital/HBR/prospectus/. Read it carefully before investing.

The Fund is not a registered commodity pool or an investment company registered underthe Investment Company Act of 1940. Shares of the Fund are not subject to the sameregulatory requirements as mutual funds.

These investments are not suitable for all investors. Funds focusing on a single asset generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as Hedera, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.

Hedera is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. Hedera is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for digital assets, and other factors. There is no assurance that Hedera will maintain its value over the long-term.

The Fund is new with a limited operating history.

Paralel Distributors LLC, Marketing Agent. Paralel is unaffiliated with Canary Capital.

CNRY29

1 Web3 is the idea of a new, decentralized internet built on blockchains, which are distributed ledgers controlled communally by participants. Source.

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CONTACT: Media

Trevor Davis

Gregory FCA for Canary Capital

215-475-5931

[email protected]

Investor Relations

Amber Reedy

Canary Capital

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BLOCKCHAIN TECHNOLOGY CRYPTOCURRENCY WEB3 FINANCE DIGITAL CASH MANAGEMENT/DIGITAL ASSETS