$Hedera ($HBAR ) Spot ETF: What Investors Need to Know Before October 2025

The long-awaited Hedera (HBAR) ETF may be closer than many think. Canary Capital has officially filed for a spot HBAR ETF under the proposed ticker HBR, with a management fee of 0.95%, according to documents confirmed by Yahoo Finance.

If approved, the HBAR ETF would mark another significant milestone in the expansion of institutional crypto investment products, following the success of Bitcoin and Ethereum ETFs earlier this year.

SEC Decision Deadline Approaches

The U.S. Securities and Exchange Commission (SEC) has until October 29, 2025, to make a final decision on the application — the last legally allowed deadline under the standard review process.

However, analysts warn that potential government shutdowns and internal delays could once again push back the decision. The SEC has already postponed several crypto ETF rulings this year due to administrative bottlenecks, as reported by CoinCentral.

Market Reaction and Expectations

HBAR’s price has shown modest movement since the ETF news broke, currently trading around $0.219 USD with intraday highs near $0.221 USD. While short-term volatility remains muted, long-term investors see the ETF as a potential catalyst for wider institutional adoption of the Hedera network.

If approved, the HBAR ETF could provide traditional investors with regulated access to Hedera’s ecosystem — including its governance council members like Google, IBM, LG, and Boeing — without the need to directly custody tokens.

Looking Ahead

With the SEC’s final decision expected by late October 2025, the crypto community is watching closely. The approval of an HBAR ETF could signal a broader shift in how regulators view enterprise-focused blockchain networks and their native assets.

Until then, investors are advised to monitor updates from Canary Capital and the SEC docket for any changes to the review timeline.