March 11, the US Securities and Stock Exchange Committee (SEC) Recognized GrayScale’s suggestion to insert Hedra ETF on the Nasdaq Stock Exchange.
The deposits, provided by NASDAQ, seek an organizational approval to narrate and trade stocks at Hedra Trust. SEC confirmation of the suggestion has speculated that development can push the demand for an increase in the demand for the original symbol of HEDERA, HBAR, which may lead to an increase in prices.
SEC seeks to obtain a public opinion at the Grayscale Hedra ETF
While SEC confirmed the receipt of the GrayScale’s HEDERA ETF application, this recognition does not indicate the approval or rejection of the proposal.
As part of its standard review process, SEC has started a 21 -day year suspension, allowing the market participants and other stakeholders in the suggested ETF. After this period, SEC will determine whether it will be approved, rejected or extended to the application.
If approved, Hedra Etf Grayscale will become the investment product in Altcoin VI. According to deposits, confidence shares will be traded on the Nasdaq Stock Exchange under commission -based shares.
GrayScale Openinging and Grayscale Investments will supervise confidence, while CSC Deaware Trust will act as Truste and Coinbase Custody Trust as a guard.
As of now, HEDERA ranks fourteenth in the cryptocurrency according to the market value, according to data from Coinmarketca.
