title: Grayscale Investments Is Advancing Plans to Launch an Exchange-Traded Fund (ETF) for Hedera Network's Native Token HBAR

Crypto asset manager Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Network's native token HBAR

Crypto asset manager Grayscale Investments is pressing ahead with plans to launch an exchange-traded fund (ETF) for Hedera Network’s native token HBAR, according to a new filing.

Nasdaq Stock Market submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Hedera Trust.

ETFs enable traders to gain exposure to assets such as precious metals and crypto without needing to physically purchase them. The SEC approved Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024.

Hedera, known for its high throughput and low fees, is one of several altcoins that Grayscale is targeting for ETFs.

HBAR is currently trading at $0.24, showing a 7.4% increase in the past 24 hours.

Earlier this year, Grayscale filed for the Grayscale Cardano Trust, which, if approved, would be the first-ever ETF for the ETH rival ADA.

Grayscale is also aiming to launch an ETF for Solana (SOL) and is applying to convert the existing Grayscale XRP Trust into a spot exchange-traded fund.

Recently, the crypto asset management firm announced a new trust providing investors with access to the popular meme asset Dogecoin (DOGE).

This series of filings from Grayscale follows President Donald Trump's promises of a more favorable regulatory climate for digital assets.

Trump has nominated pro-crypto Paul Atkins to lead the SEC, an agency that was largely seen as hostile towards crypto during former SEC chair Gary Gensler's tenure.