Canary Capital Confirms HBAR Spot ETF Fee as Approval Odds Hit 90%
Canary Capital formalized its HBAR ETF fee structure at 1.95%, positioning it as one of the priciest crypto ETFs while HBAR trading volume surged 152% despite price declines.
Canary Capital's HBAR ETF carries a 1.95% management fee, significantly higher than its 0.95% Litecoin ETF offering.
HBAR trading volume jumped 152% to $438 million despite a 7% price drop to $0.22 on filing day.
Bloomberg analysts maintain 90% approval odds for altcoin spot ETFs following regulatory stance improvements this year.
Asset manager Canary Capital filed an amendment to its S-1 registration for the Canary Spot ETF on Monday, Sept. 22, formalizing the fee structure for its proposed product.
According to the latest SEC filing, Canary Capital is set to charge investors in its HBAR ETF a 1.95% management fee, placing it among the most expensive crypto-based exchange-traded funds on the market.
The fee highlights the growing costs for investors seeking diversified access to altcoin markets. For comparison, Canary’s spot Litecoin ETF filing disclosed fees of just 0.95%, while management costs for actively-traded Bitcoin and Ethereum ETFs have historically ranged between 0.2% and 2%.
HBAR is the native asset of the Hedera network, a layer-1 network widely used for building decentralized applications and enterprise-focused blockchain solutions. Canary Capital’s HBAR ETF would directly track HBAR’s market price, giving investors access without the operational risks of holding and storing the token.
HBAR Amendment Enhances Altcoin ETF Approval Odds
Despite the progress in filings, HBAR’s near-term market performance reflected broader market weakness.
At press time Monday, HBAR traded at $0.22, down 7% on the day. The decline mirrored sharp losses in other major cryptocurrencies, with Bitcoin and Ethereum also retreating under bearish pressure.
Hedera (HBAR) trading volume rises 152% as prices dipped 7% to $0.21 on Sept. 22, 2025 | Coinmarketcap
Yet, Coinmarketcap data shows Hedera’s 24-hour trading volume climbed 152% to $438 million despite the price decline, suggesting sustained investor interest amid the ETF filing developments.
This resilience reflects the anchoring effect of growing ETF approval expectations, which have increasingly formed a buffer for top altcoins with ETF filings currently under the SEC’s review, including XRP, Solana, Avalanche, and HBAR.
Notably, Bloomberg analysts Eric Balchunas and James Seyffart reiterated in June that the probability of approval for altcoin spot ETFs stands at 90%, citing positive shifts in US regulatory stance over the past year since the previous Gary Gensler-led SEC regime exited.
NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y
For HBAR investors, the latest amendment could be interpreted as edging closer to approval requirements. The 1.95% fee offer also poses a market challenge.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
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