Crypto asset supervisor Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Community’s native token HBAR, in line 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 enable merchants to reveal themselves to property corresponding 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 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 consists of submitting for the Grayscale Cardano Belief, which, if authorised, can 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 transform the prevailing Grayscale XRP Belief right into a spot exchange-traded fund.
The crypto asset administration agency additionally just lately 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 surroundings for digital property. He has nominated pro-crypto Paul Atkins to go the SEC, an company that was extensively thought-about anti-crypto beneath former SEC head Gary Gensler.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Value Motion
Comply with us on X, Fb and Telegram
Surf The Every day Hodl Combine
 
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney