Grayscale Hedera ETF Moves Forward as Nasdaq Submits SEC Filing
The post Grayscale Hedera ETF Moves Forward as Nasdaq Submits SEC Filing appeared on BitcoinEthereumNews.com.
The US Securities and Exchange Commission (SEC) continues to weigh its approach to cryptocurrency investment products, delaying a decision on Cboe’s request to list options for Ether exchange-traded funds (ETFs) while reviewing Nasdaq’s filing to list Grayscale’s spot Hedera (HBAR) ETF. Nasdaq Files for Grayscale’s Spot Hedera (HBAR) ETF Amid Growing Altcoin ETF Momentum The Nasdaq Stock Market LLC has officially submitted a 19b-4 form with the US Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund (ETF). This marks another significant development in the expanding landscape of cryptocurrency ETFs, as institutional demand for digital assets continues to rise. The filing, made on Monday, is part of the two-step process required to propose a crypto ETF for regulatory approval. Once the SEC acknowledges the submission, it will be published in the Federal Register, initiating a structured review process by the agency. This latest move by Nasdaq comes just a week after the exchange submitted a similar filing for Canary Capital’s spot HBAR ETF. The back-to-back applications indicate growing interest in Hedera (HBAR) as an investment-grade asset and suggest that the altcoin ETF market is quickly evolving beyond Bitcoin and Ethereum. Hedera Hashgraph is a decentralized public network that operates on a Hashgraph consensus mechanism, offering an alternative to traditional blockchain solutions. Unlike proof-of-work or proof-of-stake networks, Hedera’s unique consensus system provides faster transaction speeds, improved security, and lower fees. Governance of the Hedera network is handled by a council of major industry players, including Google, IBM, Boeing, Deutsche Telekom, and LG Electronics. This corporate backing has given the project a level of legitimacy and institutional trust that many other cryptocurrencies struggle to achieve. Bloomberg’s Senior ETF Analyst, Eric Balchunas, has noted that Hedera and Litecoin currently hold the best odds of securing SEC approval…
Filed under: News - @ March 4, 2025 10:21 am