Just In: $HBAR
Set For $5 Rally If BlackRock Files For ETF DailyCoin Reports: “The $175 billion digital asset fund manager BlackRock might be introducing a Hedera-based exchange traded fund (ETF). While no official report has been published, BlackRock’s ICS Treasury Funds received assigned tokens on Hedera Hashgraph (HBAR) a month ago, via the Archax Real World Asset (RWA) exchange.” “Pending two applications so far from Canary Capital & Grayscale, Hedera’s Distributed Ledger Technology (DLT) is acclaimed by NASDAQ, as they forwarded Canary’s ETF submission to the SEC. Despite being set for a September 9 settling, further postponements could drag it out to November just like the rest.” “If BlackRock, the largest out of the three digital asset giants, tokenized all of their $175 billion market capitalization on HBAR, this would increase Hedera’s market capitalization by 18 times from the current $10 billion. While this would take HBAR to approximately $5, the impact of an altcoin based ETF on the underlying digital asset heavily depends on public appeal.” Not sure who the source is for this article but if it’s true that would be absolutely massive… Follow for updates and breaking news