Canary Capital Confirms HBAR Spot ETF Fee as Approval Odds Hit 90%

Group 1 - Canary Capital has filed an amendment to its S-1 registration for the Canary Spot ETF, formalizing a management fee of 1.95% for its HBAR ETF, making it one of the most expensive crypto-based ETFs available [1][2] - The fee structure indicates rising costs for investors seeking diversified access to altcoin markets, with Canary's spot Litecoin ETF charging only 0.95% and management costs for Bitcoin and Ethereum ETFs typically ranging from 0.2% to 2% [2] - HBAR is the native asset of the Hedera network, which is utilized for decentralized applications and enterprise blockchain solutions, and the proposed ETF would track HBAR's market price, allowing investors to avoid the operational risks associated with holding the token [3] Group 2 - Despite the filing progress, HBAR's market performance has been weak, trading at $0.22, down 7% on the day, reflecting broader market declines in major cryptocurrencies [4] - HBAR's trading volume increased by 152% to $438 million despite the price drop, indicating sustained investor interest amid ETF filing developments [4] - Analysts have noted a 90% probability of approval for altcoin spot ETFs, suggesting a positive shift in the US regulatory stance, which may benefit HBAR and other altcoins currently under SEC review [5][6]