Catenaa, Thursday, March 06, 2025- The Nasdaq Stock Market LLC has submitted a 19b-4 filing with the US Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund, marking a crucial step in the ETF approval process.
The submission was made in January.
This filing follows a similar move for Canary Capital’s spot HBAR ETF last week. Bloomberg Senior ETF Analyst Eric Balchunas has identified Hedera and Litecoin as having the strongest approval odds among altcoin ETF applications.
Hedera, which operates using the Hashgraph consensus algorithm, is governed by a council of major corporations including Google and IBM. HBAR’s price dropped 14.5% in the last 24 hours, trading at $0.22.
The filing is part of a broader wave of crypto ETF applications following Donald Trump’s reelection, with US issuers also seeking spot ETFs for Solana, XRP, Cardano, Litecoin and Dogecoin. Earlier today, the New York Stock Exchange submitted a 19b-4 for Bitwise’s Dogecoin ETF. Bloomberg analysts estimate Dogecoin ETFs have a 75% chance of SEC approval.
