Overview
- Nasdaq’s proposal to list and trade the Grayscale Hedera Trust has reached a required yes-or-no determination under Rule 5711(d).
- Canary Capital’s competing spot HBAR ETF faces a separate final SEC ruling on Nov. 8 that could signal the regulator’s approach.
- Grayscale first filed on Feb. 28, formal review began June 12, and the SEC previously pushed milestones including a Sept. 9 delay.
- Regulators have emphasized surveillance-sharing, volatility and liquidity assessments, while Grayscale’s Form S-1 details custody, fees and trust mechanics.
- Hedera moved 250 million HBAR into a staking rewards account as sponsors including REX-Osprey and KraneShares join at least six HBAR ETF proposals within a broader slate of 90-plus crypto ETF applications.