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SEC Confirms Grayscale’s Hedera ETF Proposal: Details
The Securities and Exchange Commission (SEC) has confirmed Grayscale’s proposal to launch a new exchange-traded fund (ETF) focused on the digital currency, Hedera. As part of its standard review process, the SEC has initiated a 21-day public comment period, allowing market participants and other stakeholders to weigh in on the proposed ETF.
If approved, the Grayscale Hedera ETF would become the firm’s sixth altcoin investment product. According to recent filings, shares of the trust would be traded on Nasdaq under commodity-based trust share rules. Grayscale Operating and Grayscale Investments Sponsors would oversee the trust, while CSC Delaware Trust Company would act as the trustee and Coinbase Custody Trust Company would serve as the custodian.
Hedera, currently ranked 14th by market capitalization, has gained significant attention in recent months due to its growing adoption and potential for long-term growth.
Source: https://u.today/sec-confirms-grayscales-hedera-etf-proposal-details
