SEC acknowledges Nasdaq’s filing for Grayscale’s HBAR Trust ETF

The United States Securities and Exchange Commission officially recognized the NASDAQ’s proposal to list and negotiate the actions of the Hedera Trust in gray levels.

According to a March 11 nOticeThe SEC has recognized the 19B-4 file of NASDAQ for a trust-based trust, which aims to give investors a regulated exposure to the native token of the Hedera network.

This trust structure based on basic products directly contains Hbar, with actions representing the fraction of ownership of the Hbar Holdings of the Trust. However, unlike an ETF Spot, it does not allow direct buyouts, which means that actions can be negotiated to a bonus or a discount on the actual value of the asset.

The BNY Mellon Asset service should supervise the tasks of administrative and transfer agent for the trust, while the trust company CSC Delaware will act as a trustee, and Coinbase Gustod Trust Company will manage assets.

With this recognition, the SEC has now opened a 21 -day public commentary period, allowing industry participants and the public to weigh on the proposal. After this phase, the regulator will decide to approve, reject or extend its examination process.

Hbar responded positively to development, earning more than 7% in the last 24 hours

Gray levels and Canarial capital are currently the only asset managers pursuing the FNB Hbar.

While the SEC recognized the Nasdaq deposit for the Hedera Trust in gray levels, the same day, he postponed his decision on several ETF Altcoin, including ETF XRP of Graycale and CBOE BZX Exchange Spot Solana ETF, extending the exam period until May.

However, Bloomberg ETF analyst James Seyffart has shrugged from the delay, calling for its standard procedure rather than a source of concern.

As before reported By crypto.News, the dry was flooded ETF deposits following Trump’s election and the resignation From the former president of the dry, Gary Gensler.

The latest addition to this wave is the standard Bitwise and Bitwise Bitcoin, announcement March 11. The fund will follow the listed companies holding at least 1,000 BTC in their business treasury bills, offering investors an exposure to companies accumulating Bitcoin.