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Grayscale’s HBAR ETF ambitions have just taken a major step forward. The asset manager has officially registered the Grayscale Hedera Trust ETF as a statutory trust in Delaware—a critical administrative milestone that often precedes a formal spot HBAR ETF filing with the U.S. Securities and Exchange Commission (SEC). This move underscores Grayscale’s growing strategy to expand its altcoin ETF offerings beyond Bitcoin and Ethereum.
What the Delaware Registration Means for the HBAR ETF
By registering the Grayscale HBAR Trust in Delaware, Grayscale is taking a well-recognized step in the ETF approval process. Delaware is a common jurisdiction for structuring trusts prior to submitting an S-1 application with the SEC—an essential document for any exchange-traded fund seeking approval.
The same process has already been used by Grayscale for several altcoins, including Dogecoin and Filecoin, and most recently, the Grayscale Cardano Trust ETF. Registering in Delaware provides legal and administrative preparation, establishing a foundation for future regulatory assessment.
Market Implications of a Spot HBAR ETF Push
A regulatory move toward a spot HBAR ETF filing signals broader institutional interest in altcoin exposure. If approved, such a vehicle would offer investors direct exposure to the HBAR token via a regulated framework, making it easier for both retail and institutional investors to participate.
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This move could propel both HBAR demand and liquidity—potentially leading to price strength driven by perceived legitimacy and institutional adoption. Additionally, the success of an HBAR ETF could catalyze interest in other cryptocurrency ETFs, accelerating the altcoin ETF push in the United States.
Still, approval depends on SEC approval via the S-1 and a 19b-4 filing—a step yet to occur. Market watchers remain focused on factors like custodial security, pricing surveillance, and token classification for altcoins beyond Bitcoin and Ethereum.
Also Read: President Trump’s Truth Social Bets Big on Bitcoin: Inside the ETF Filing
FAQs
What does the Delaware filing mean for HBAR ETF approval?
It’s typically the administrative first step before submitting a formal ETF application to the SEC.
Has Grayscale done this before for other altcoins?
Yes—Trust registrations for ADA, Dogecoin, and others preceded their ETF filings.
Could this drive HBAR price gains?
Potentially yes—approval of an ETF could significantly increase investor demand and token liquidity.
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