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 submitting to the U.S. Securities and Change Fee (SEC) to listing and commerce the Grayscale Hedera Belief.
ETFs permit merchants to show themselves to belongings equivalent to treasured metals and crypto with out having to truly buy them. The SEC authorised Bitcoin (BTC) and Ethereum (ETH)-based ETFs in 2024.
The Ethereum competitor Hedera is one in every of 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 yr contains submitting for the Grayscale Cardano Belief, which, if authorised, could be the first-ever ETF for the ETH rival ADA.
Grayscale can be pursuing an ETF for Solana (SOL) and is making use of to convert the present Grayscale XRP Belief right into a spot exchange-traded fund.
The crypto asset administration agency additionally not too long ago introduced a brand new belief giving traders 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 atmosphere for digital belongings. He has nominated pro-crypto Paul Atkins to go the SEC, an company that was broadly thought-about anti-crypto below former SEC head Gary Gensler.
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