Grayscale Investments filed with the U.S. Securities and Exchange Commission (SEC) to initiate an ETF for Hedera (HBAR) – another major move from Grayscale into the crypto investment markets.
If this proposed investment pool passes approval, exchange trading enabling contracts will be live. The ETF will allow investors to get exposure to Hedera by simply trading while staying detached from the token itself, going instead with performance following trades on the exchange.
Grayscale Expands Altcoin ETF Offerings Amid Regulatory Scrutiny
The move is a piece of a larger effort by Grayscale to get approval for multiple altcoins. This firm has already filed applications for XRP, Dogecoin (DOGE), Solana (SOL), Polkadot (DOT) and Cardano (ADA). Reviewing of SEC filings started for XRP, DOGE and SOL. DOT and ADA are still pending.
With the Hedera filing following the same blueprint, Grayscale is signaling strong confidence in the future of crypto ETFs despite ongoing regulatory uncertainty.
A key step in this process is SEC review of the filing 19b-4, which behind once published in the Federal Register creates a 45 days decision window. The commission can approve, deny, or extend the review period—potentially delaying a final decision for up to 240 days.
Institutional Interest in Hedera Grows as Competition Increases
Grayscale isn’t the only firm eyeing an HBAR-backed investment product. Last month, Canary Capital also filed an application through Nasdaq for a similar 19b-4 filing, which reflects rising interest of institutional investors in Hedera.
While Grayscale has not yet announced who will manage the ETF, with Coinbase custody who handles trusts for Bitcoin and Ethereum likely being considered as a candidate for custody.
Investors are closely watching how the SEC will react. If approved, the Hedera ETF would mark another milestone in crypto’s mainstream adoption, reinforcing altcoins’ growing role in traditional markets
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