10.06.2025 21:14

The Securities and Exchange Commission (SEC) has initiated a review process for the proposed listing of a Hedera Hashgraph (HBAR) exchange-traded fund (ETF) on the Nasdaq exchange. This action marks a significant development in the ongoing regulatory scrutiny of crypto-related investment products.

Nasdaq's application to list the Canary HBAR ETF is now under formal SEC review. This process will involve a thorough examination of the ETF's prospectus, investment strategy, and overall compliance with securities laws. The outcome of this review will determine whether the HBAR ETF will be permitted to trade publicly.

The SEC's decision will have considerable implications for the cryptocurrency market. Approval could signal a growing acceptance of cryptocurrencies by regulators, potentially leading to increased institutional investment. Conversely, rejection could further stifle the growth of crypto-based ETFs and reinforce existing regulatory hurdles.

The review of the Canary HBAR ETF underscores the SEC's cautious approach to the burgeoning cryptocurrency market. This cautiousness reflects the agency's responsibility to protect investors from potential risks associated with these relatively new and volatile assets. The timeframe for the SEC's decision remains uncertain.


This information comes from internet sources.