Nasdaq Submits Grayscale Hedera ETF Application to SEC
Eric Balchunas, a senior ETF analyst at Bloomberg, recently pointed out that Hedera and Litecoin (LTC) are currently the top contenders among altcoin ETF applications, showing the most promise for approval.
Nasdaq Files Grayscale Hedera ETF Application with SEC
In a notable development, Nasdaq submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) on Monday for Grayscale's Hedera Spot (HBAR) exchange-traded fund (ETF).
This application represents the second phase in the two-step process necessary for SEC approval of a cryptocurrency ETF.
Nasdaq's filing follows closely on the heels of Canary Capital's similar application for a Hedera spot ETF, which was submitted just a week earlier.
Additionally, Eric Balchunas, a senior ETF analyst at Bloomberg, recently highlighted that among altcoin ETF applications, Hedera and Litecoin (LTC) are currently the leading candidates with the best prospects for approval.
also read:What is Hedera? How Does it Work? Pros and Cons
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