HBR provides exposure to the daily price movements, net of expenses, of HBAR, the native digital asset of the Hedera Network, in an ETF structure. The Hedera Network is a public distributed ledger built on the hashgraph distributed consensus algorithm, a mechanism that provides an alternative to blockchain processing. The portfolio is priced based on CoinDesk Hedera USD CCIX 60min NY Rate, calculated through the 60-minute time-weighted average price of the HBAR-USD CCIXber Reference Rate.