Hedera (HBAR) is making headlines after a strong 10% surge in a day, pushing its price to $0.2487 and its market cap beyond $10.42 billion. The spike comes amid growing excitement over a potential Grayscale Hedera ETF, which could open the doors for more traditional investors.
NASDAQ has recently filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to get approval for listing the Grayscale Hedera ETF. This comes shortly after the Canary HBAR ETF filing, making it the second major ETF-related update for Hedera in just a week. Since the excitement about ETFs began on February 25, the price of HBAR has gone up by 28%, which means more people trust it and want to invest.
But Hedera isn’t the only cryptocurrency Grayscale is interested in. They’re also working to get ETFs approved for Polkadot (DOT), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). The SEC has already started reviewing the applications for XRP, Dogecoin, and Solana, while Polkadot and Cardano are still in line for evaluation.
If the Grayscale Hedera ETF gets the green light, it would let investors gain exposure to HBAR’s price movements without actually owning the token. Just like Grayscale’s other ETFs, it would be listed on NASDAQ, making it more accessible to both institutional and everyday investors.
The SEC now has 45 days to either approve, reject, or extend its review of the Grayscale Hedera ETF. If the process drags on, it could take up to 240 days before a final decision is made.
For now, the ETF speculation is keeping HBAR on an upward trend, and investors are closely watching the SEC’s next move.
