Analysis

Nasdaq Files for Proposal To List and Trades Shares of Grayscale Hedera (HBAR) Trust

Published

8 months ago

March 5, 2025

Crypto Asset Supervisor Grayscale Investments promotes plans to launch an Trade-Traded Fund (ETF) for the native token of Hedera Community, in keeping with a brand new software.

The Nasdaq sharing market has submitted a 19B-4 submit On the US Securities and Trade Fee (SEC) to summarize and commerce the Grayscale Hedera Belief.

ETFs allow merchants to show themselves to belongings akin to treasured metals and crypto with out really having to purchase them. The SEC authorized Bitcoin (BTC) and Ethereum (ETH) -based ETFs in 2024.

The Ethereum competitor Hedera is among the many Altcoin-oriented ETFs that strives Grayscale.

HBAR has been traded for $ 0.24 for the previous 24 hours on the time of writing, a rise of seven.4%.

Different exercise of Grayscale this yr consists of submitting the Grayscale Cardano Belief, which, if authorized, can be the very first ETF for the ETH-Rival ADA.

Grayscale additionally strives for an ETF for Solana (SOL) and applies to transform the prevailing Grayscale XRP Belief right into a spot-exchange-related fund.

The Crypto Asset Administration firm has additionally just lately introduced a brand new belief that gave buyers entry to the favored Meme Asset Dogecoin (Doge).

The flurry of Grayscale archiving exercise comes when US President Donald Trump guarantees a friendlier regulatory setting for digital belongings. He has nominated Professional-Crypto Paul Atkins to guide the SEC, an company that was typically thought of anti-crypto underneath former sec-head of Gary Gensler.

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