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SEC Sets Final Decision Date for Nasdaq’s Grayscale Hedera Trust Listing

The SEC will determine Nasdaq’s Grayscale Hedera Trust bid by November 12, 2025, following Canary Capital’s spot HBAR ETF decision due November 8.

HBAR

Summary

The U.S. Securities and Exchange Commission has set November 12, 2025, as the final deadline to decide whether to approve Nasdaq’s proposed listing of the Grayscale Hedera Trust, a spot HBAR ETF. This review is under Securities Exchange Act Section 19(b)(2). Canary Capital’s spot HBAR ETF ruling is expected by November 8, 2025, and may impact the SEC’s decision on Grayscale’s application.

Terms & Concepts
  • SEC (U.S. Securities and Exchange Commission): The primary U.S. financial regulator overseeing securities markets and protecting investors.
  • Grayscale Hedera Trust: An investment fund by Grayscale designed to provide exposure to the Hedera cryptocurrency without directly holding it.
  • Spot HBAR ETF: An exchange-traded fund that directly holds Hedera (HBAR) tokens, giving investors direct exposure to the asset’s market price.