Hedera (HBAR) Price Surges 10% on Growing Excitement Over Grayscale Hedera ETF Listing

Hedera (HBAR) is making headlines after a strong 10% surge in a day, pushing its price to $0.2486 and its market cap beyond $10.42 billion.

The price of Hedera (HBAR) has surged by 10% in a day, pushing it to $0.2486, and its market cap now exceeds $10.42 billion. This spike follows a 19b-4 application filed by NASDAQ with the U.S. Securities and Exchange Commission (SEC) to approve the listing of the Grayscale Hedera ETF.

The application comes shortly after the Canary HBAR ETF filing, making it the second major ETF-related update for Hedera in just a week. Since the excitement about ETFs began on February 25, the price of HBAR has gone up by 28%, showcasing the growing interest from investors.

Grayscale is also seeking approval for ETFs of Polkadot (DOT), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). The SEC has already started reviewing the applications for XRP, Dogecoin, and Solana, while Polkadot and Cardano are next in line.

The Grayscale Hedera ETF, if approved, will allow investors to gain exposure to HBAR’s price movements without needing to own the token directly. Similar to Grayscale’s other ETFs, it will be listed on NASDAQ, making it accessible to both institutional and retail investors.

The SEC now has 45 days to either approve, reject, or extend its review of the Grayscale Hedera ETF. If the process is prolonged, it could take up to 240 days for a final decision.

As the ETF speculation continues, it’s pushing HBAR upwards, and investors are eagerly awaiting the SEC’s next move on this matter.