Grayscale Officially Filed 19b-4 for Hedera ETF to the US SEC!

Jakarta, Pintu News – American asset manager Grayscale Investments has filed a form 19b-4 with the United States Securities and Exchange Commission (SEC) to launch and trade a Hedera ETF.

Nasdaq Stock Market LLC, acting on behalf of Grayscale, has filed this application as part of the company’s efforts to expand the list of crypto products they offer.

Check out the full news below!

Grayscale and Hedera ETFs: An Innovation

Grayscale plans to launch an ETF product that will track the underlying price of HBAR, the native currency of the Hedera blockchain. The 19b-4 filing is an important step in the ETF product approval process.

If approved, qualified investors can invest in HBAR without directly owning the asset. Grayscale’s Hedera ETF product and other funds from Grayscale will trade on the Nasdaq exchange. Important details regarding the fund, such as asset custody, have not been disclosed.

However, subsequent filings may confirm that Coinbase Custody will be the asset custodian, which was also chosen for Grayscale’s GBTC and ETHE products.

Also read: Tether Appoints New CFO, a Big Step Toward Transparent Financial Audits!

Grayscale ETF Strategy: Leading the Market

Grayscale Investments has been actively applying for crypto trusts and ETFs in recent weeks. Taking a leading position in the crypto ETF push, they have applied for ETFs for Cardano (ADA), Solana (SOL), and Ripple (XRP), among others.

Grayscale’s confidence in getting approval is based on their history with the SEC. Grayscale won a lawsuit that forced the market regulator to revise its decision regarding a Bitcoin (BTC) ETF application.

Following this directive for review, the SEC approved a spot Bitcoin ETF product for trading in January 2024, followed by a spot Ethereum (ETH) ETF product. As one of the largest issuers of these products, Grayscale has created a market that is poised to drive more altcoin ETFs.

Also read: Congress asked to investigate, Peter Schiff suspects Trump is involved in crypto rug pulling scheme!

US SEC and the Growth of Crypto ETFs

Beyond Grayscale, other asset managers are also pushing for crypto ETF approval with the SEC. Asset managers like Rex-Osprey and Tuttle Capital have filed for an ETF for Dogecoin (DOGE) to test the regulator’s flexibility. Popular meme coins like TRUMP, MELANIA, and BONK have ETF proposals to track prices.

While Bloomberg has issued approval odds for Ripple (XRP), Solana (SOL), and Litecoin (LTC) ETFs, opportunities for meme coin ETFs are still uncertain.

The SEC has generally been more open to the crypto market, as shown in the recent Kraken lawsuit settlement. Whether this will mean more crypto ETF approvals remains to be seen.

Conclusion

With Grayscale’s bold move, the crypto investment world may witness significant changes in the way investors access and invest in digital assets. Grayscale’s successful filing of the Hedera ETF could be an important turning point in institutional and retail investors’ wider acceptance of crypto products.

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Reference

• Grayscale Files 19b-4 for Hedera ETF with US SEC. Accessed on March 5, 2025
• Featured Image: The Block