Canary Capital proposes 1.95% fee for spot HBAR ETF

Canary Capital has proposed a 1.95% management fee for a new spot HBAR ETF specifically targeting approval from the SEC. This fee is considerably higher than typical crypto ETF fees, which usually range from 0.2% to 2%.

The ETF will provide investors with an indirect way to invest in HBAR, the native token of the Hedera network, without the need to directly own the asset, which shows a growing trend toward alternative digital assets.