I am writing in strong support of the proposed rule change to list and trade shares of the Canary Hedera (HBAR) Trust ETF (File No. SR-NASDAQ-2025-018). The SEC has already approved Bitcoin and Ethereum spot ETFs. Both approvals were based on the recognition that regulated products provide greater investor protection than leaving investors exposed to unregulated offshore exchanges. The same principle applies with Hedera. Hedera (HBAR) is uniquely positioned as a non-security digital asset with a transparent, enterprise-governed structure. Its Governing Council includes globally recognised companies such as Google, IBM, Boeing, and Standard Bank. This level of institutional oversight and accountability is not present in most digital asset networks. Approving this ETF would: 1. Protect U.S. investors by shifting HBAR exposure into a transparent, regulated product. 2. Reduce systemic risk by preventing reliance on unregulated offshore platforms. 3. Promote fair access to an asset with demonstrable enterprise adoption and real-world utility. 4. Support innovation by treating Hedera with the same consistency already shown to Bitcoin and Ethereum. Delaying this decision further creates an uneven playing field where only certain digital assets benefit from ETF approval while others with strong governance and legal clarity are excluded. Hedera’s network architecture, stability, and non-security classification present fewer regulatory risks than many assets that already trade widely in U.S. markets. For these reasons, I strongly urge the SEC to approve the proposed HBAR ETF and bring this innovative asset into a regulated, transparent framework that benefits investors and strengthens U.S. market integrity.