Grayscale Expands Altcoin ETF Offerings

Crypto asset manager Grayscale Investments has filed for a spot Hedera (HBAR) ETF, marking its sixth altcoin-focused ETF application.

The Nasdaq Stock Market 19b-4 filing signals growing interest in expanding institutional access to altcoin ETFs.

SEC’s Evolving Stance on Altcoin ETFs

Under Acting Chair Mark Uyeda, the SEC has acknowledged filings for multiple altcoin ETFs, indicating a more favorable regulatory environment under the Trump administration.

According to Sygnum Bank’s Head of Research, Katalin Tischhauser:

“Approving smaller altcoin ETFs could pave the way for a broader crypto index ETF.”

Other Pending Altcoin ETF Filings

Grayscale has also filed for other spot crypto ETFs, including:

Key Highlights:
  • Polkadot (DOT)
  • XRP
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Solana (SOL)

Nasdaq previously filed an HBAR ETF application on behalf of Canary Capital, which is still under SEC review.

SEC Approval Process Timeline

A 19b-4 filing initiates the SEC’s approval process, typically lasting:

Key Highlights:
  • 45 days for initial review
  • Up to 240 days for final approval

While Grayscale remains a key player in ETF filings, Bloomberg analysts suggest that HBAR and Litecoin ETFs have higher odds of approval.

Read the full article on decrypt.
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