Crypto Asset Manager Grayscale Investments promotes plans to launch an Exchange-Traded Fund (ETF) for the native token of Hedera Network, according to a new application.
The Nasdaq sharing market has submitted a 19B-4 submit On the US Securities and Exchange Commission (SEC) to summarize and trade the Grayscale Hedera Trust.
ETFs enable traders to expose themselves to assets such as precious metals and crypto without actually having to buy them. The SEC approved Bitcoin (BTC) and Ethereum (ETH) -based ETFs in 2024.
The Ethereum competitor Hedera is one of the many Altcoin-oriented ETFs that strives Grayscale.
HBAR has been traded for $ 0.24 for the past 24 hours at the time of writing, an increase of 7.4%.
Other activity of Grayscale this year includes submitting the Grayscale Cardano Trust, which, if approved, would be the very first ETF for the ETH-Rival ADA.
Grayscale also strives for an ETF for Solana (SOL) and applies to convert the existing Grayscale XRP Trust into a spot-exchange-related fund.
The Crypto Asset Management company has also recently announced a new trust that gave investors access to the popular Meme Asset Dogecoin (Doge).
The flurry of Grayscale archiving activity comes when US President Donald Trump promises a friendlier regulatory environment for digital assets. He has nominated Pro-Crypto Paul Atkins to lead the SEC, an agency that was generally considered anti-crypto under former sec-head of Gary Gensler.
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