- SEC acknowledges Hedera ETF filing but requires a 21-day public comment period before making a decision.
- HBAR price stands at $0.197 with a 24-hour trading volume of $591.8 million and a market cap of $8.28 billion.
- Approval could drive institutional investment, boost liquidity, and push Hedera into mainstream finance.
On March 11, the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale’s proposal to list its Hedera ETF on Nasdaq. This move signals a step forward but does not yet confirm approval. The SEC has opened a 21-day public comment period, allowing market participants to voice their opinions.
Grayscale, a major player in digital asset management, has put forward a plan to launch a Hedera ETF. The Nasdaq filings aim to secure regulatory approval for the listing and trading of Grayscale Hedera Trust shares. If greenlit, this ETF would be Grayscale’s sixth altcoin-based investment product.
For now, Hedera ranks as the 14th largest cryptocurrency by market cap, according to CoinMarketCap. Its native token, HBAR, trades at $0.197 with a 24-hour volume of $591.8 million. The price has risen 3.57% in the last 24 hours but dropped 18.29% over the past week. The circulating supply of 42 billion HBAR brings its market cap to $8.28 billion.
According to CoinCodex, HBAR could reach $0.2305 by the end of March if market sentiment improves. The ETF listing could be a catalyst for further price gains.
SEC Calls for Market Feedback of Hedera ETF
The SEC’s acknowledgment does not mean approval or rejection. It follows standard protocol by seeking public comments for 21 days. After this, the commission can approve, deny, or extend the review.
Market participants are closely watching this process. If the ETF is approved, it could drive institutional investment in HBAR. The trust would be overseen by Grayscale Operating and Grayscale Investments, with CSC Delaware Trust Company as trustee and Coinbase Custody Trust Company as custodian.
Grayscale’s push for a Hedera ETF aligns with the rising demand for cryptocurrency-based financial products. The SEC has previously approved Bitcoin and Ethereum ETFs, signaling growing institutional interest. However, altcoin ETFs remain in regulatory limbo.
If the Hedera ETF gains approval, it could open doors for more altcoin-focused funds. Analysts believe this could drive liquidity and mainstream adoption for HBAR.
The SEC’s decision will shape HBAR’s trajectory. For now, investors must wait as market voices weigh in on the ETF’s fate. The next few weeks will be crucial in determining whether Hedera secures a place on Nasdaq.