Grayscale的HEDERA（HBAR）spot ETF越來越接近現實，因為NASDAQ文件19B-4與SEC一起

加密貨幣ETF的快速演變向前邁出了顯著的一步。

The rapid evolution of cryptocurrency ETFs took a significant step forward as the Nasdaq submitted a 19b-4 form for Grayscale’s spot Hedera (HBAR) ETF to the SEC.

加密貨幣ETF的快速演變向前邁出了顯著的一步。

This news comes shortly after the submission for Canary Capital’s spot HBAR ETF, signaling increased interest and competition in the altcoin ETF space.

該消息是在提交Canary Capital的HBAR ETF提交後不久就發表的，這表明了Altcoin ETF領域的興趣和競爭增加。

As per Bloomberg’s Senior ETF Analyst Eric Balchunas, both Hedera and Litecoin possess “the best odds” regarding SEC ETF approval due to their momentum with regulatory processes.

根據彭博（Bloomberg）的高級ETF分析師埃里克·巴爾庫納斯（Eric Balchunas），Hedera和Litecoin都在SEC ETF批准方面都具有“最佳賠率”，因為他們在監管過程中的動力。

Nasdaq is preparing to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund.

納斯達克正在準備列出和交易灰度的現貨Hedera（HBAR）交易所交易基金。

The stellar move comes as the SEC prepares to review a pair of altcoin ETFs.

SEC準備審查一對Altcoin ETF時，出色的舉動就來了。

The U.S. Securities and Exchange Commission (SEC) is currently reviewing two applications for bitcoin ETFs from BlackRock (NYSE:BLK) and WisdomTree (NYSE:WMT).

美國證券交易委員會（SEC）目前正在審查BlackRock（NYSE：BLK）和WisdomTree（NYSE：WMT）的兩項比特幣ETF的申請。

Recently, the SEC has faced criticism for delaying its decisions on seven crypto ETF proposals from firms like Ark 21721 and Cathedra.

最近，SEC因推遲了對ARK 21721和Cathedra等公司的七個加密ETF提案的決定而面臨批評。

Earlier this month, the SEC chairman hinted at the possibility of approving a spot bitcoin ETF by the end of the year.

本月初，美國證券交易委員會（SEC）主席暗示，有可能在今年年底之前批准比特幣ETF。

Recently, the SEC approved two bitcoin futures ETFs in 2021, which began trading in October.

最近，美國證券交易委員會（SEC）於2021年批准了兩家比特幣期貨ETF，該比特幣從10月開始交易。

However, the commission has yet to approve any spot bitcoin ETFs, despite several attempts over the past seven years.

但是，儘管在過去的七年中，委員會尚未批准任何現場比特幣ETF。

Earlier this year, seven firms, including Ark 21721 and Cathedra, re-applied for seven eIgEt

今年早些時

The rapid evolution of cryptocurrency ETFs took a significant step forward as the Nasdaq submitted a 19b-4 form for Grayscale’s spot Hedera (HBAR) ETF to the SEC.

加密貨幣ETF的快速演變向前邁出了顯著的一步。

This strategic move comes shortly after the submission for Canary Capital’s spot HBAR ETF, signaling increased interest and competition in the altcoin ETF space.

這一戰略舉動是在提交Canary Capital的現貨HBAR ETF提交後不久就提出的，這表明了Altcoin ETF空間的興趣和競爭增加。

Bloomberg’s Senior ETF Analyst Eric Balchunas noted that both Hedera and Litecoin possess “the best odds” regarding SEC ETF approval due to their momentum with regulatory processes.

彭博社的高級ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）指出，Hedera和Litecoin都在SEC ETF批准方面都具有“最佳賠率”，因為他們在監管過程中的動力。

This article explores the recent Nasdaq filing for a Grayscale ETF focused on Hedera (HBAR), illuminating key developments and market implications.

本文探討了最近針對Hedera（HBAR）的灰度ETF提交的納斯達克文件，闡明了關鍵的發展和市場影響。

Nasdaq's Bold Step: Filing for Hedera (HBAR) ETF

納斯達克的大膽步驟：申請Hedera（HBAR）ETF

On Monday, the Nasdaq Stock Market LLC took an important step in the evolving cryptocurrency market by filing a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund. This filing represents a critical phase in the long-awaited approval process for crypto ETFs, highlighting both the growing institutional interest in digital assets and the regulatory framework shaping their future.

週一，納斯達克股票市場有限責任公司通過向美國證券交易委員會（SEC）提交19b-4表格，以列出和貿易灰度的現貨HEDERA（HBAR）交換基金，邁出了不斷發展的加密貨幣市場的重要一步。該文件代表了期待已久的加密ETF批准過程中的關鍵階段，強調了對數字資產的製度興趣的日益增長的興趣和監管框架，從而塑造了他們的未來。

Understanding the 19b-4 Filing Process

了解19b-4的備案過程

The 19b-4 filing is the second part of a two-step process initiated for proposing a crypto ETF to the SEC. Following the commission’s acknowledgment, the filing is published in the Federal Register, which commences the SEC’s review and approval processes. This systematic approach points towards a matured regulatory landscape for cryptocurrency investments and offers greater transparency for potential investors.

19b-4備案是為向SEC提出加密ETF的兩步過程的第二部分。在委員會的認可之後，該文件發表在聯邦公報上，該公報開始了SEC的審查和批准程序。這種系統的方法指向加密貨幣投資的成熟監管格局，並為潛在的投資者提供更大的透明度。

Grayscale and Canary Capital: Competitive Landscape

灰度和金絲雀資本：競爭格局

Last week, the Nasdaq also submitted a similar 19b-4 form for a spot HBAR ETF on behalf of Canary Capital. This competitive filing underscores the rapidly shifting dynamics within the cryptocurrency ETF market. Investment sentiment appears to be bolstered by recent developments and favorable trends within the regulatory environment, particularly for altcoins, which historically have faced significant challenges.

上週，納斯達克還代表Canary Capital提交了類似的19b-4表格，以供現場HBAR ETF。這種競爭性申請強調了加密貨幣ETF市場中迅速轉移的動態。最近的發展和監管環境中的有利趨勢，尤其是對於山寨幣，這一發展的趨勢似乎使投資情緒得到了支持，尤其是對於altcoins而言，這在歷史上面臨著重大挑戰。

Market Implications of HBAR ETF Lauching

HBAR ETF LAUCHING的市場含義

Hedera operates on a decentralized public network powered by the Hashgraph consensus algorithm, a technological innovation that enhances transaction speed and efficiency. Its governance model, which includes major players such as Google and IBM, adds an additional layer of credibility and stability, appealing to institutional investors. Recent analyses indicate that as the U.S. shifts towards a more crypto-friendly approach under the current administration, there is a growing optimism surrounding the approval of various altcoin ETFs, including Solana, XRP, Cardano, and Dogecoin.

Hedera在一個由Hashgraph共識算法支持的分散公共網絡上運行，這是一種技術創新，可提高交易速度和效率。它的治理模式包括Google和IBM等主要參與者，增加了一層信譽和穩定性，吸引了機構投資者。最近的分析表明，隨著美國在當前政府下向更加加密友好的方法轉移，圍繞各種Altcoin ETF的批准，包括Solana，XRP，Cardano和Dogecoin的批准越來越樂觀。

Current Market Trends and Price Movements

當前的市場趨勢和價格變動

Despite the positive developments in ETF filings, Hedera’s price has recently experienced volatility, trading down approximately 14.5% to around $0.22 over the last 24 hours, as reported by COINOTAG. This fluctuation reflects ongoing market pressures and investor sentiment, which can often be unpredictable in the cryptocurrency landscape.

儘管ETF備案有積極的發展，但Hedera的價格最近經歷了波動性，在過去的24小時內下降了約14.5％，至0.22美元左右。這種波動反映了正在進行的市場壓力和投資者的情緒，這在加密貨幣景觀中通常是無法預測的。

Future Outlook on Crypto ETF Approvals

Crypto ETF批准的未來前景

The overall landscape for cryptocurrency ETFs is evolving rapidly. With the SEC now seemingly more open to the approval of futures and spot ETFs based on a wider range of cryptocurrencies, analysts remain optimistic. Bloomberg analysts have remarked that Dogecoin ETFs, for instance, have a 75% chance of SEC approval, indicating that the demand for crypto-backed financial products is likely to grow. Such developments could significantly influence market dynamics and investor behavior in the near future.

加密貨幣ETF的整體景觀正在迅速發展。由於SEC現在似乎更加開放，因此基於更廣泛的加密貨幣的期貨和現貨ETF的批准，分析師仍然樂觀。彭博分析師指出，例如，Dogecoin ETF有75％的SEC批准機會，表明對加密貨幣支持的金融產品的需求可能會增長。在不久的將來，這種發展可能會極大地影響市場動態和投資者行為。