Fix, HBAR ETF Proposed But Still Waiting For Green Light From SEC

JAKARTA - Good news for crypto investors, especially fans of the Hedera Hashgraph (HBAR) coin. Canary Capital Group, an investment firm focused on crypto assets, recently submitted a proposal to launch an Exchange Trade Fund (ETF) based on HBAR tokens. Canary Capital's efforts marked a new chapter in Hedera's journey to get closer to institutional and retail investors through ETF products.

For additional information, the ETF is simply a mutual fund traded on the stock exchange, allowing investors to buy shares based on HBAR tokens without the need to own the token directly. With the HBAR ETF, investors no longer need to bother buying tokens directly on crypto exchanges.

Canary Capital's decision to propose an HBAR ETF is considered a positive signal against changes in crypto regulations in the United States. Nate Geraci, President of the ETF Store, sees this step as a form of trial of the SEC under the new leadership. "Most likely, companies will be more daring to propose ETFs related to crypto as a trial of the SEC's response under Trump's administration," Geraci said.

Hedera, as one of the fastest and safest public ledger networks, has been managed by many investors. This network offers efficient solutions for various use cases, ranging from finance to logistics. With the existence of the HBAR ETF, it is hoped that Hedera's adoption will expand and encourage the growth of its ecosystem.

It is not surprising that the announcement of the HBAR ETF submission was greeted enthusiastically by the market. HBAR prices immediately jumped 20% after this news circulated. In this way, approval from the SEC is still uncertain, especially with the change of leadership at the capital market supervisory agency.

It is not yet known whether the planned launch of the HBAR ETF will follow the success of Bitcoin ETF or not. Previously, Bitcoin ETF was proven to be able to attract large numbers of institutional investors and significantly encourage Bitcoin price growth. If regulators approved the HBAR ETF, it is not impossible that something similar would happen to HBAR.