The SEC has officially acknowledged the spot ETF applications for HBAR submitted by Grayscale and Canary Capital. These proposals seek to list and trade shares of the Grayscale Hedera Trust and an HBAR ETF on the Nasdaq exchange.
Initially, it was expected that the SEC would make a decision on these applications by the end of April 2025. However, on April 24, the SEC announced an extension of the review deadline, setting new deadlines for June 10 and 11, 2025.
⚖️ Factors that could influence the decision
• Change in SEC leadership: With the recent assumption of Paul Atkins as SEC chairman, a more favorable stance towards digital assets is expected, which could influence the approval of cryptocurrency ETFs.
• Regulatory classification of HBAR: The SEC has classified some cryptocurrencies as commodities, while others are considered securities. The classification of HBAR could affect its eligibility for a spot ETF.
• Market demand: The approval of HBAR ETFs could attract institutional investments and increase the legitimacy of the cryptocurrency in traditional financial markets.
📈 Potential impact of approval
The approval of a spot ETF for HBAR could have several positive effects:
• Greater legitimacy: It would provide greater legitimacy and institutional recognition to HBAR.
• Simplified access: It would make it easier for investors to gain exposure to HBAR without the need to acquire the cryptocurrency directly.
• Market boost: It could generate an increase in demand and the price of HBAR by attracting new institutional and retail investments.
🔮 Future outlook
The SEC's decision on the HBAR ETF applications is scheduled for June 10 and 11, 2025. Although approval is not guaranteed, recent changes in SEC leadership and growing interest in digital assets could increase the likelihood of a favorable decision.
In summary, HBAR is strategically positioned to benefit from the possible approval of its ETF, which could mark a significant milestone in its integration into traditional financial markets.
