Nasdaq Files to List Grayscale’s Hedera ETF
The Nasdaq Stock Market LLC has submitted a 19b-4 form to the US Securities and Exchange Commission (SEC) to propose the listing and trading of Grayscale’s spot Hedera exchange-traded fund (ETF).
This 19b-4 filing represents the second step in a two-part process for introducing a crypto ETF to the SEC. Once the SEC acknowledges the filing, it will be published in the Federal Register, marking the beginning of the agency’s evaluation process.
This filing on behalf of Grayscale follows the Nasdaq’s recent submission of a 19b-4 for Canary Capital’s spot HBAR ETF. According to Bloomberg Senior ETF Analyst Eric Balchunas, Hedera and Litecoin currently hold the “best odds and the pole position” among altcoin ETF filings, due to the advanced progress they have made with the SEC.
Hedera operates as a decentralized public network that utilizes the Hashgraph consensus algorithm to process transactions.
