# EDGAR Filing Document

**Accession Number:** 0002039458
**File Stem:** 0001999371-26-012507
**Filing Date:** 2026-6
**Character Count:** 25281
**Document Hash:** 7f7f28b4e4a63428ce08c4bf2d3ca738
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-012507.hdr.sgml**: 20260610

**ACCESSION NUMBER**: 0001999371-26-012507

**CONFORMED SUBMISSION TYPE**: POS AM

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260610

**DATE AS OF CHANGE**: 20260609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Canary HBAR ETF
- **CENTRAL INDEX KEY:** 0002039458
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POS AM
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-283135
- **FILM NUMBER:** 261077841

**BUSINESS ADDRESS:**
- **STREET 1:** 8 CADILLAC DRIVE
- **STREET 2:** SUITE 300
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027
- **BUSINESS PHONE:** (310) 795-8899

**MAIL ADDRESS:**
- **STREET 1:** 8 CADILLAC DRIVE
- **STREET 2:** SUITE 300
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027

**As filed with the Securities and Exchange Commission on June 10, 2026**

**Registration No. 333-283135**

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**<br> **WASHINGTON, D.C. 20549**

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**POST-EFFECTIVE AMENDMENT NO. 3<br> TO<br> FORM S-1<br> REGISTRATION STATEMENT<br> *UNDER*<br> *THE SECURITIES ACT OF 1933***

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**CANARY HBAR ETF** ****<br> (Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| **Delaware** | **99-6922743** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification Number) |

---

**c/o Canary Capital Group LLC<br> 8 Cadillac Drive, Suite 300<br> Brentwood, TN 37027<br> (615) 200-0788**<br> (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

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***Copy to:***

****** 

<br> **Morrison C. Warren, Esq.,<br> James Audette, Esq.,<br> Chapman and Cutler LLP<br> 320 South Canal Street<br> Chicago, IL 60606<br> (312) 845-3484**

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***Approximate date of commencement of proposed sale to the public:*** As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

**Explanatory Note**

Canary HBAR ETF is filing this Amendment No. 3 (the "Amendment") to the Registration Statement on Form S-1 (File No. 333-283135) (the "Registration Statement") as an exhibit only filing. Accordingly, this Amendment consists only of the facing page, the explanatory note, Part II of the Registration Statement, the exhibit index, the signature page to the Registration Statement and the filed exhibit. The preliminary prospectus is unchanged and has therefore been omitted.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS** 

**Item 13. *Other Expenses of Issuance and Distribution.***

The Trust shall not bear any expenses incurred in connection with the issuance and distribution of the securities being registered. These expenses shall be paid by Canary Capital Group LLC, the sponsor of the Trust. Except for the Securities and Exchange Commission Registration Fee and Exchange Listing Fee, all such expenses are estimated:

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| | | |
|:---|:---|:---|
| SEC registration fee (actual) | $0 | \* |
| Listing fee (actual) | $4000 |  |
| Auditor's fees and expenses | $10000 |  |
| Legal fees and expenses | $250000 |  |
| Printing expenses | $8000 |  |
| Miscellaneous expenses | $0 |  |
| Total | $272000 |  |

---

\* An indeterminate number of the securities is being registered as may from time to time be sold at indeterminate prices. In accordance with Rules 456(d) and 457(u), the Trust is deferring payment of all of the additional registration fee and will pay the additional registration fee subsequently on an annual basis.

**Item 14. *Indemnification of Directors and Officers.***

The Trust Agreement will provide that the Trust shall indemnify, defend and hold harmless the Trustee (including in its individual capacity) and any of the officers, directors, employees and agents of the Trustee (the **"Indemnified Persons"**) from and against any and all losses, damages, liabilities, claims, actions, suits, costs, expenses, disbursements (including the reasonable fees and expenses of counsel and fees and expenses incurred in connection with enforcement of its indemnification rights under the Trust Agreement), taxes and penalties of any kind and nature whatsoever (collectively, "Expenses"), to the extent that such Expenses arise out of or are imposed upon or asserted at any time against such Indemnified Persons with respect to the performance of the Trust Agreement, the creation, operation or termination of the Trust or the transactions contemplated thereby; *provided*, *however*, that the Trust shall not be required to indemnify any Indemnified Person for any Expenses which are a result of the willful misconduct, bad faith or gross negligence of an Indemnified Person. If the Trust shall have insufficient assets or improperly refuses to pay an Indemnified Person within sixty (60) days of a request for payment owed hereunder, the Sponsor shall, as secondary obligor, compensate or reimburse the Trustee or indemnify, defend and hold harmless an Indemnified Person as if it were the primary obligor under the Trust Agreement; *provided*, *however*, that the Sponsor shall not be required to indemnify any Indemnified Person for any Expenses which are a result of the willful misconduct, bad faith or gross negligence of an Indemnified Person. To the fullest extent permitted by law and by the requirement for treatment of the Trust as a grantor trust for tax purposes, Expenses to be incurred by an Indemnified Person shall, from time to time, be advanced by, or on behalf of, the Sponsor prior to the final disposition of any matter upon receipt by the Sponsor of an undertaking by, or on behalf of, such Indemnified Person to repay such amount if it shall be determined that the Indemnified Person is not entitled to be indemnified under this Trust Agreement.

**Item 15. *Recent Sales of Unregistered Securities.***

N/A

**Item 16. *Exhibits and Financial Statement Schedules.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibits.

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| | |
|:---|:---|
| **Exhibit** |  |
| **No.** | **Exhibit Description** |

---

---

| | |
|:---|:---|
| 3.1\*\*\* | [Form of Second Amended and Restated Trust Agreement, incorporated by reference to Exhibit 3.1 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on May 1, 2026.](https://www.sec.gov/Archives/edgar/data/2039458/000199937126009730/ex3-1.htm) |

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3.2\*\*\* [Certificate of Trust, incorporated by reference to Exhibit 3.2 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on November 12, 2024.](https://www.sec.gov/Archives/edgar/data/2039458/000199937124014510/ex3-2.htm)

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| | |
|:---|:---|
| 5.1\*\*\* | [Opinion of Chapman and Cutler LLP as to legality, incorporated by reference to Exhibit 5.1 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on October 7, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex5-1.htm) |

---

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| | |
|:---|:---|
| 8.1\*\*\* | [Form of Opinion of Chapman and Cutler LLP as to tax matters, incorporated by reference to Exhibit 8.1 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on May 21, 2026.](https://www.sec.gov/Archives/edgar/data/2039458/000199937126011280/ex8-1.htm) |

---

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| | |
|:---|:---|
| 10.1\*\*\* | [Form of Initial Authorized Participant Agreement, incorporated by reference to Exhibit 10.1 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125013724/ex10-1.htm) |

---

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| | |
|:---|:---|
| 10.2\*\*\* | [Marketing Agent Agreement, incorporated by reference to Exhibit 10.2 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125013724/ex10-1.htm) |

---

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| | |
|:---|:---|
| 10.3\*\*\* | [Archax Custodial Services Agreement and Side Letter, incorporated by reference to Exhibit 10.3 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on May 1, 2026.](https://www.sec.gov/Archives/edgar/data/2039458/000199937126009730/ex10-3.htm) |

---

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| | |
|:---|:---|
| 10.4\*\*\* | [BitGo Custodial Services Agreement , incorporated by reference to Exhibit 10.4 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125013724/ex10-4.htm) |

---

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| | |
|:---|:---|
| 10.5\*\*\* | [Fund Administration Servicing Agreement, incorporated by reference to Exhibit 10.5 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex10-5.htm) |

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| | |
|:---|:---|
| 10.6\*\*\* | [Transfer Agent Servicing Agreement, incorporated by reference to Exhibit 10.6 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex10-6.htm) |

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| | |
|:---|:---|
| 10.7\*\*\* | [Fund Accounting Servicing Agreement, incorporated by reference to Exhibit 10.7 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex10-7.htm) |

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| | |
|:---|:---|
| 10.8\*\*\* | [Form of Amended and Restated Sponsor Agreement, incorporated by reference to Exhibit 10.8 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on May 1, 2026.](https://www.sec.gov/Archives/edgar/data/2039458/000199937126009730/ex10-8.htm) |

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| | |
|:---|:---|
| 10.9\*\*\* | [Cash Custody Agreement (Custodian Agreement), incorporated by reference to Exhibit 10.9 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex10-9.htm) |

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| | |
|:---|:---|
| 10.10\*\*\* | [Index License Agreement, incorporated by reference to Exhibit 10.10 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on September 22, 2025.](https://www.sec.gov/Archives/edgar/data/2039458/000199937125013724/ex10-10.htm) |

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23.1\* [Consent of Independent Registered Public Accounting Firm.](ex23-1.htm)

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| | |
|:---|:---|
| 23.2\*\*\* | Consent of Chapman and Cutler LLP (included in Exhibits [5.1](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex5-1.htm) and [8.1](https://www.sec.gov/Archives/edgar/data/2039458/000199937125014860/ex8-1.htm)), incorporated by reference to Exhibits 5.1 and 8.1 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on October 7, 2025. |

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107\*\*\* [Filing Fee Tables, incorporated by reference to Exhibit 107 of the Trust's Registration Statement on Form S-1 (File No. 333-283135), filed on November 12, 2024.](https://www.sec.gov/Archives/edgar/data/2039458/000199937124014510/ex107.htm)

\* Filed herewith

\*\* To be filed by amendment

\*\*\* Previously filed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial Statement Schedules.

Not applicable.

**Item 17. *Undertakings.***

The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to include any prospectus required by section 10(a)(3) of the Securities Act of
1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) That, for the purpose of determining liability under the Securities Act of 1933
to any purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the registrant is relying on Rule 430B:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) each prospectus filed by the registrant pursuant to Rule 424(b)(3)
shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration
statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7)
as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x)
for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and
included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the
date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability
purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the
registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in
a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated
by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time
of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus
that was part of the registration statement or made in any such document immediately prior to such effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule
424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than
prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it
is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of
the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus
that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede
or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made
in any such document immediately prior to such date of first use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability of the registrant under the Securities
Act of 1933 to any purchaser in the initial distribution of the securities:

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any preliminary prospectus or prospectus of the undersigned
registrant relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any free writing prospectus relating to the offering prepared by or on behalf of
the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the portion of any other free writing prospectus relating to the offering containing
material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other communication that is an offer in the offering made by the undersigned
registrant to the purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Insofar as indemnification for liabilities arising under the Securities Act of 1933
may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy
as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in
the Act and will be governed by the final adjudication of such issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) That, for purposes of determining any liability under the Securities Act of 1933,
each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 that is
incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Brentwood, and the State of Tennessee, on June 10, 2026.

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| | | |
|:---|:---|:---|
| **CANARY HBAR ETF** | **CANARY HBAR ETF** | **CANARY HBAR ETF** |
| Canary Capital Group LLC, | Canary Capital Group LLC, | Canary Capital Group LLC, |
| as Sponsor of the Trust | as Sponsor of the Trust | as Sponsor of the Trust |
| By: | /s/ Steven McClurg | /s/ Steven McClurg |
|  | Name: | Steven McClurg |
|  | Title: | Chief Executive Officer |

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Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Steven McClurg | Chief Executive Officer<br> (Principal Executive Officer) | June 10, 2026 |
| Steven McClurg\* | Chief Executive Officer<br> (Principal Executive Officer) | June 10, 2026 |
| /s/ Starr Frohlich | Principal Financial Officer and<br> Principal Accounting Officer | June 10, 2026 |
| Starr Frohlich | Principal Financial Officer and<br> Principal Accounting Officer | June 10, 2026 |

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\* The registrant is a trust and this person is signing in their capacity as an officer of Canary Capital Group LLC, the Sponsor of the registrant.

## Exhibit 23.1

[CANARY HBAR ETF POS AM](hbr-posam_061026.htm)

**Exhibit 23.1**

![](ex231001.jpg)

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Post-Effective Amendment to Registration Statement on Form S-1 of our report dated March 30, 2026, relating to the financial statements of Canary HBAR ETF, as of December 31, 2025, and to the reference to our firm under the heading "Experts" in the Registration Statement.

![](ex231002.jpg)

Cohen & Company, Ltd.

Milwaukee, Wisconsin

June 9, 2026

![](ex231003.jpg)