Grayscale Investments has filed for a new spot Hedera (HBAR) exchange-traded fund (ETF), marking its sixth altcoin-focused ETF. The SEC has acknowledged this filing, along with others for Dogecoin (DOGE), Polkadot (DOT), XRP, Cardano (ADA), and Solana (SOL), indicating a more favorable regulatory environment for altcoin ETFs. Nasdaq previously filed for a HBAR ETF on behalf of Canary Capital, with analysts suggesting higher chances of approval for Hedera and Litecoin.
about Grayscale Files for Sixth Altcoin ETF Focusing on Hedera HBARKatalin Tischhauser
0 posts last weekCautious Outlook for Altcoin ETFs Amidst Growing Market Interest
The surge of crypto ETF applications for altcoins like Solana and Dogecoin faces skepticism regarding actual demand, as many savvy investors already hold these assets directly. Analysts predict modest inflows of $100 million to $1 billion, far less than the $100 billion seen in Bitcoin ETFs, raising questions about the potential for widespread adoption of altcoin ETFs. Institutional interest appears to be shifting towards crypto indices that include Bitcoin and Ethereum, leaving the future of altcoin ETFs uncertain.
about Cautious Outlook for Altcoin ETFs Amidst Growing Market InterestSolana ETFs Face Approval Challenges Ahead of Upcoming Deadlines
The SEC’s deadline for approving four Solana ETFs is approaching, with experts predicting delays until the next deadline on March 11. Analysts believe that the lack of a regulated US futures market for Solana, unlike Bitcoin and Ethereum, will hinder approval, although expectations for a more favorable regulatory environment may emerge in 2025.
about Solana ETFs Face Approval Challenges Ahead of Upcoming Deadlines