other material
confidence high
sentiment neutral
materiality 0.55
Canary HBAR ETF authorized to stake HBAR; all staking rewards go to Sponsor, not Trust NAV
Canary HBAR ETF
- Second Amended and Restated Trust Agreement (June 9, 2026) authorizes staking of HBAR holdings.
- Sponsor (Canary Capital Group LLC) receives all staking rewards as additional compensation; rewards excluded from Trust NAV.
- Sponsor has sole authority to manage staking, including provider selection and amount of HBAR staked, without Trust or shareholder consent.
- Sponsor not liable for staking losses (slashing) unless resulting from fraud, gross negligence or willful misconduct.
- Compensation: Sponsor retains all staking rewards; Trust pays Sponsor fee per Schedule A covering sponsor-paid expenses.