Key Takeaways:
- Canary HBAR ETF held 704.35 million HBAR tokens worth $47.8 million on July 30
- HBR, the first US spot HBAR ETF, trades on Nasdaq with a 0.95 percent sponsor fee
- Fund shares rose to 5.18 million as HBAR traded near $0.0727
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Canary HBAR ETF holds $47.8M as first US spot product
Canary Capital's HBR, the first US spot HBAR ETF, held 704.35 million tokens worth $47.8 million in net assets on July 30, according to the fund's official holdings page.
"HBR provides price exposure through brokerage accounts without requiring investors to manage private keys," Canary said in a July 30 post renewing its marketing push for the product, which began trading on Nasdaq on Oct. 28, 2025, after its registration became effective with the SEC.
The trust held 5.18 million shares outstanding and charged a 0.95 percent sponsor fee. Shares increased by 50,000 from July 28 to July 29, the latest reported expansion in the fund's share count. HBR recorded $989,000 in net inflows on July 2, its largest single-day inflow since May 15, when net assets stood near $49.14 million. HBAR changed hands around $0.0727 in early July 31 trading, while HBR traded near $9.33.
HBR is structured as a single-asset trust, not an investment company registered under the Investment Company Act of 1940, and Canary warns that investors could lose their entire principal. The trust lists BitGo Trust Company and Coinbase Custody Trust Company as digital-asset custodians. The Hedera Council, whose members include Google and IBM, runs network nodes and votes on governance matters.
Fund performance trails despite share growth
HBR's first-quarter SEC filing showed 4.2 million shares outstanding and $50.34 million in net assets on March 31. The trust created 740,000 shares and recorded no redemptions during the quarter. However, HBAR depreciated 17.8 percent during the period, and the fund reported a $10.58 million decrease in net assets from operations.
Canary listed HBR's market-price return at negative 37.32 percent for 2026 through July 29 and negative 63.32 percent since inception. Its net asset value return was negative 36.48 percent year-to-date.
Archax tokenized the HBR ETF on Hedera and completed an after-hours transaction on Nov. 27, 2025, according to a Hedera case study. That blockchain transaction did not change how ordinary Nasdaq investors buy and sell HBR shares; it demonstrated a separate tokenized representation handled through regulated market infrastructure.
Investors will next look for the quarterly SEC filing covering the period ended June 30, which will provide fuller figures for share creations, redemptions, expenses and changes in the trust's HBAR position. Until then, daily holdings, share counts and net assets provide the most current official measures of fund activity.
This article is for informational purposes only and does not constitute investment advice.
