Nasdaq Submits Grayscale Hedera HBAR ETF for SEC Review

• Nasdaq Proposes Hedera HBAR ETF.
• Grayscale expands crypto portfolio.
• Pro-crypto regulatory environment in the US.

Nasdaq submitted a order The company has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Hedera Trust, which focuses on the Hedera Network’s HBAR token. This move represents a significant step forward for Grayscale Investments, which continues to expand its cryptocurrency product offering.

Exchange-traded funds (ETFs) offer an alternative way for investors to access a variety of assets, from precious metals to cryptocurrencies, without having to directly own them. In 2024, the SEC approved ETFs that replicate the performance of major cryptos such as Bitcoin (BTC) and Ethereum (ETH).

In addition to the Hedera ETF, Grayscale has other similar products in the pipeline. Earlier this year, the asset manager registered the Grayscale Cardano Trust and has plans to launch the first ETF for Cardano (ADA). The company is also working on converting its Grayscale XRP Trust into an exchange-traded fund and has plans to launch an ETF focused on Solana (SOL).

Additionally, Grayscale recently announced the creation of a fund that will allow investors to stake Dogecoin (DOGE), a popular meme asset. This launch is part of a series of activities that reflect the U.S. government’s more welcoming stance toward digital assets. With President Donald Trump’s appointment of pro-crypto Paul Atkins to lead the SEC, a more favorable regulatory environment is expected.

Hedera, known as one of Ethereum’s competitors, is now on investors’ radars with this new ETF. At the time of writing, the HBAR token is trading at $0,2449, up 1,4% in the last 24 hours.