21Shares launches Hedera ETP on Euronext as U.S. HBAR ETF determination looms
21Shares has launched a brand new HBAR ETP, becoming a member of Valour in offering exchange-traded entry to Hedera’s native token in Europe. In the meantime, American buyers await the SEC’s determination on the U.S. HBAR ETFs scheduled for June 11.
21Shares simply launched a brand new ETP, providing 100% bodily backed publicity to Hedera (HBAR). The 21Shares Hedera ETP permits each institutional and retail buyers to entry Hedera by way of conventional brokerage accounts, bypassing the necessity to work together with crypto-native infrastructure. The ETP, buying and selling below the ticker HDRA, is now listed on Euronext Amsterdam and Euronext Paris.
“As extra establishments search safe methods to entry digital property, 21Shares continues to prepared the ground by bridging conventional finance and crypto with readability and confidence,” mentioned Gregg Bell, Chief Enterprise Officer at Hedera Basis, within the press launch assertion. “This collaboration offers buyers a simple approach to entry HBAR and brings them nearer to a community trusted by main establishments worldwide.”
The 21Shares Hedera ETP is the second exchange-traded product providing for HBAR in Europe. The primary, launched by Valour in mid-2024, debuted on the Frankfurt Inventory Alternate and was later added to Euronext Amsterdam.
In the meantime, within the U.S., ETF issuer Canary Capital has filed for a spot HBAR ETF with Nasdaq, submitting its utility to the U.S. Securities and Alternate Fee in November final yr. An amended S-1 and a 19b-4 kind have been submitted on Feb. 24 this yr, formally initiating the SEC assessment course of. Grayscale has additionally entered the race with its personal spot HBAR ETF. Nasdaq filed a 19b-4 kind on Grayscale’s behalf in early March this yr. The SEC’s determination on each of those filings is anticipated on June 11.
It’s additionally value noting that business analysts think about Hedera ETFs among the many main contenders for SEC approval, alongside Litecoin (LTC) ETFs.