Grayscale has just filed a sixth ETF request based on an Altcoin: the Hbar. Hedera's cryptocurrency joins a growing list, which shows the enthusiasm of institutional in the United States.
Grayscale files a request for ETF Hbar spot
Hedera is an atypical cryptocurrency project, based on a hashgraph technology that distinguishes it from other cryptocurrency protocols. Its Altcoin, the Hbar, is now subject to an ETF request by the Grayscale active manager. It was deposited by the Nasdaq during the weekend.
Grayscale is the second candidate for an ETF based on Hedera cryptocurrency. Last month, Canary Capital had also made a similar request.
This is the 6th request for ETF spots filed by Grayscale in a very short time. Among the latest requests, we find the Dot de Polkadot, the XRP of Ripple, as well as a same: Dogecoin (Doge).
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The company obviously wishes to expand its ETF Spot offers quickly. Some commentators lend the asset manager ambitions with regard to an index in the form of ETFwhich would bring together the values being the subject of individual ETF.
For the moment, the course of the Hbar has not reacted to the announcementin a context of clear fall for the entire cryptocurrency market. At this stage, Hedera's asset is located in 13th place in the most capitalized cryptocurrency ranking, with $ 9.8 billion.
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Source: Nasdaq
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Journalist at Cryptoast since 2017, I have been passionate about the challenges of decentralization, privacy and regulation. I specialized in the economy and traditional finance by analyzing how the news in this sector influence that of cryptocurrencies, thus offering a unique and enlightened perspective to cryptoast readers.
Marine Debellor
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