Mar. 9, 2025
Dear Commissioners, I am writing to express my strong support for the proposed listing and trading of the Canary HBAR ETF under Nasdaq Rule 5711(d). This ETF represents a significant advancement in broadening investor access to emerging asset classes within a regulated and transparent framework. By providing a gateway to digital assets through a commodity-based trust structure, the ETF not only enhances market liquidity and efficiency but also facilitates diversification for investors seeking to explore innovative investment strategies. Moreover, the approval of this ETF underscores the commitment of both Nasdaq and the regulatory authorities to foster financial innovation while maintaining robust investor protection standards. In a rapidly evolving financial landscape, such products are instrumental in bridging traditional finance with the dynamic digital asset space, ultimately contributing to a more competitive and modern marketplace. I respectfully urge you to approve the proposed rule change, recognizing the benefits it offers to a wide range of market participants and its potential to drive positive momentum in the broader financial ecosystem. Thank you for your consideration.