Nasdaq Files for Proposal To List and Trades Shares of Grayscale Hedera (HBAR) Trust
Crypto asset supervisor Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Community’s native token HBAR, in accordance with a brand new submitting.
The Nasdaq Inventory Market submitted a 19b-4 filing to the U.S. Securities and Trade Fee (SEC) to checklist and commerce the Grayscale Hedera Belief.
ETFs enable merchants to show themselves to belongings reminiscent of valuable metals and crypto with out having to really buy them. The SEC authorised Bitcoin (BTC) and Ethereum (ETH)-based ETFs in 2024.
The Ethereum competitor Hedera is one among a number of altcoin-focused ETFs that Grayscale is pursuing.
HBAR is buying and selling for $0.24 at time of writing, up 7.4% within the final 24 hours.
Different exercise by Grayscale this 12 months contains submitting for the Grayscale Cardano Belief, which, if authorised, can be the first-ever ETF for the ETH rival ADA.
Grayscale can also be pursuing an ETF for Solana (SOL) and is making use of to transform the present Grayscale XRP Belief right into a spot exchange-traded fund.
The crypto asset administration agency additionally just lately introduced a brand new belief giving buyers entry to the favored meme asset Dogecoin (DOGE).
The flurry of Grayscale’s submitting exercise comes as US President Donald Trump is promising a extra pleasant regulatory surroundings for digital belongings. He has nominated pro-crypto Paul Atkins to move the SEC, an company that was extensively thought-about anti-crypto underneath former SEC head Gary Gensler.
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