The cryptocurrency market is buzzing with excitement as the Nasdaq Stock Market LLC has officially filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera (HBAR) ETF. This move has fueled significant bullish sentiment in the Hedera market, with HBAR surging 17.5% in the past week and gaining an additional 0.5% in the last hour alone.
Nasdaq’s Push for Grayscale’s Hedera ETF
On Monday, Nasdaq submitted the regulatory filing to secure approval for trading the spot HBAR ETF of Grayscale. The 19b-4 form is a crucial regulatory step, as the SEC must review and approve it before the ETF can be listed on a major exchange. Once acknowledged by the SEC, the approval process officially begins, potentially opening doors for institutional and retail investors to gain exposure to HBAR via a regulated investment vehicle.
Nasdaq files 19b-4 to list & trade Grayscale Hedera ETF (HBAR)… pic.twitter.com/lbuyymptU7
— Nate Geraci (@NateGeraci) March 3, 2025
HBAR’s Strong Approval Prospects
This isn’t the first time Nasdaq has sought SEC approval for a Hedera ETF. Previously, a 19b-4 form was filed for Canary Capital’s spot HBAR ETF.
Adding to the optimism, well-known ETF analyst Eric Balchunas has highlighted that Hedera and Litecoin ETFs stand among the top contenders for SEC approval, outperforming many other altcoin ETF proposals. If approved, this could bring increased liquidity and mainstream adoption to Hedera, solidifying its place in the digital asset ecosystem.
Understanding Hedera and Its Unique Technology
Hedera operates as a public network designed for developers and enterprises. Unlike traditional blockchains, Hedera utilizes hashgraph technology, a more efficient, secure, and scalable consensus mechanism. This innovation has positioned Hedera as an enterprise-grade solution for various industries.
Jonathan Dotan, founder of EQTYLAB, remarked:
“Hedera’s infrastructure, backed by a Council of global leaders like Dell Technologies, sets it apart from other blockchains by providing the scalability and security essential for enterprise adoption.”
Despite an 18.7% decline over the past 30 days, Hedera has witnessed a strong rebound in the last week, climbing 17.5%. In the past hour alone, HBAR has gained 0.5%, reflecting the market’s growing enthusiasm. Currently, HBAR’s total market cap stands at $9.54 billion, with a 24-hour trading volume of $756 million.
Also Read: Ripple vs. SEC: Key Appeals Court Decision Could Shape the Future of Crypto Regulation
As the crypto community awaits the SEC’s decision, the potential approval of a Hedera ETF could mark a transformative milestone for HBAR, paving the way for greater institutional participation and long-term growth.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
