A giant step was taken in the crypto market, Nasdaq made an official application to the SEC to list Grayscale’s HBAR ETF. This development can be a large turning point for Hedera (HBAR). However, investors wonder how the market will react to this news.
IMPORTANT STAGE IN HBAR ETF APPROVAL PROCESS
Nasdaq made a 19b-4 application to list Grayscale Hbar Trust shares. This is a critical step that will enable Hbar to meet traditional investors. The application shows that Nasdaq is compatible with commodity -based investment instruments.
This application was made in accordance with the SEC’s regulation process of financial markets. If it gets approval, investors will be able to invest without directing HBAR. This may increase the interest of corporate investors.
When will SEC’s decision come?
Currently, both Grayscale and Canary Capital’s HBAR ETF applications are not included in the official records. SEC continues to consider whether the applications are complete. When the process is completed, the first 45 -day examination will begin.
If the SEC needs additional time, this evaluation process may extend up to 240 days. If the approval is released, HBAR ETF will open a new door for investors. However, a possible rejection decision can create sales pressure in the market.
What was the effect on the price of HBAR?
This process can be a critical turning point for hagera. If ETF approval comes, price movements may harden. Investors should closely follow SEC’s decision! In particular, the introduction of corporate investors to the market may significantly increase the demand for HBAR. In recent years, ETF approvals of large crypto assets such as Bitcoin and Ethereum have created great rise in the market. Hedara can also catch a similar momentum.
However, the prolongation of the process or a negative decision may cause the price to fall further. Therefore, investors need to focus not only on ETF news, but also on the development of the HELA ecosystem. New partnerships, increasing uses and growth in the ecosystem are among the most important factors to determine the value of HBAR in the long term. Although the market is full of uncertainties, the completion of the ETF process can create a historical opportunity for HBAR. The coming weeks can be the scene of major changes in the crypto world!
