News View Non-AMP

Grayscale Hedera ETF: Nasdaq Seeks SEC Nod, HBAR Price Jumps 17.5%

Published by
Vignesh S G

The Nasdaq Stock Market LLC has taken another big step toward bringing a Hedera (HBAR) ETF to the market. The exchange recently filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera ETF. This move has sparked excitement in the crypto space, especially among Hedera investors.

Over the past week, HBAR’s price has surged by 17.5%, with a 0.5% gain in just the last hour. Could this be the beginning of a bigger rally?

Let’s analyse the scenario deeper. 

Nasdaq Seeks SEC Approval for Spot HBAR ETF

On Monday, Nasdaq submitted the filing to the SEC, taking a key step toward getting the ETF listed and traded. For any ETF to be available on a major exchange, it must first receive SEC approval.

A 19b-4 form is an essential regulatory document that helps introduce new investment products like ETFs into the stock market. Once the SEC acknowledges the filing, the approval process officially begins, making this a crucial milestone.

On Track for Approval?

This isn’t the first time Nasdaq has sought approval for a spot Hedera ETF. The exchange previously filed a similar request for Canary Capital’s spot HBAR ETF.

Renowned ETF analyst Eric Balchunas has predicted that Hedera and Litecoin ETFs have the best chances of receiving SEC approval compared to other altcoin ETFs. His statement has added further optimism to the market.

What Makes Hedera Different?

Hedera is a public network that allows developers to build and run applications. Unlike traditional blockchains, it operates on hashgraph technology, designed to be faster, more secure, and more efficient.

Jonathan Dotan, founder of EQTYLAB, emphasized Hedera’s strengths:

“Hedera’s enterprise-grade 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 bringing Verifiable Compute to market. Its visionary leadership team has long shaped the network to meet real-world business needs, positioning it as a trusted platform for enterprise adoption.”

HBAR Price Analysis

Despite an 18.7% drop over the past 30 days, Hedera’s price has surged 17.5% in the last week, showing signs of recovery. In the last hour alone, it has gained over 0.5%.

Currently, HBAR’s market capitalization stands at $9,543,646,221, with a 24-hour trading volume of $756,217,012.

ETF approval or not, Hedera’s latest price action signals growing confidence in its future.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025