It has come to pass, after much deliberation and bureaucratic meandering-a process not unlike observing the slow growth of a turnip-that the American Securities and Exchange Commission, an institution filled with individuals who appear to find joy in prolonging the inevitable, has decreed a final reckoning. The date? November the twelfth, in the year of our Lord two thousand and twenty-five. On this day, they shall either bestow their blessing, or deliver the swift denial, upon the petition of Nasdaq to allow the trading of shares representing, of all things, the Hedera Trust. One wonders if they consult tea leaves as well.
- The SEC, in its infinite wisdom (or perhaps merely its adherence to legal timelines), must decide by November the twelfth. No further postponements, though one suspects they’d prefer to simply forget the whole affair.
- Should this… HBAR-a curious name, it is-be approved, it would be the first of its kind in these United States: a so-called “spot” ETF. This suggests a level of transparency and regulation that many a crypto aficionado finds quaint, no?
- The decision arrives amidst a clamor for alternative coin ETFs and a general tightening of the regulatory noose. It seems everyone wants a piece of the digital pie, but nobody quite trusts anyone else. 🧐
Thus ends the latest chapter in this saga, a final stage in the protracted review. As reported by the suitably named “Financial Press” (one pictures earnest gentlemen with ink-stained fingers), this extension represents the absolute limit allowed by a section of the law known as 19(b)(2). One can almost feel the SEC’s exasperation: “Very well, we shall decide. But don’t expect us to enjoy it.”
If, perchance, approval is granted, this HBAR will grace the American markets – regulated, and presumably somewhat less prone to the wild fluctuations seen elsewhere. Imagine! A semblance of order in the crypto wilderness. One nearly choked on one’s tea at the thought.
A History of Delays and Paperwork
The initial proposal, you see, was presented all the way back in February, a time when the world felt simpler, or perhaps we merely lacked the knowledge of just how complicated things were about to become. Proceedings commenced in June, and then, predictably, were postponed. And postponed again. Until at last, upon September the ninth, we arrived at this final, mercifully looming deadline. A veritable mountain of paperwork, no doubt, filled with footnotes and legal jargon designed to confuse and discourage.
And Grayscale, in its tireless pursuit of legitimacy, even submitted a “Form S-1,” a document so dense it could comfortably serve as a ship’s ballast. Its purpose? To detail the mechanics of holding said HBAR and tracking its ever-shifting price. It’s all very… serious.
🚨 UPDATE: SEC Sets Final Deadline for Grayscale’s Hedera $HBAR ETF Decision
The SEC has extended its review of Nasdaq’s proposal to list and trade the Grayscale Hedera Trust (HBAR) – now setting November 12, 2025 as the final deadline to either approve or deny the spot HBAR ETF…
– FinancialPress.com (@FinancialPress_) November 2, 2025
The SEC, it appears, harbors anxieties regarding these newer, more… alternative coins. They speak of needing to study surveillance systems, volatility, and frankly, the whole unpredictable nature of this digital world. Yet, even the analysts, those shrewd observers of market trends, now place the chances of approval at a respectable 60 to 80 percent. Perhaps even the SEC is tiring of the endless debate. 😄
The Winds of Change and HBAR’s Ambitions
This HBAR’s prospects, coincidentally, align with a surge in applications for various crypto funds. Canary Capital, also seeking approval for a HBAR ETF, faces its own judgment on November the eighth, a mere four days prior. This early decision might prove prophetic, setting the tone for the Grayscale outcome.
And Hedera, not content to simply await their fate, has been strategically moving 250 million HBAR to its staking rewards account. A clever maneuver, one might say, to entice participation and limit the supply. Devious, even! They also whisper of “major developments” in November. Oh, the suspense! 🤪
No fewer than six ETF filings related to HBAR now exist, submitted by various ambitious firms. Institutional investors, seemingly insatiable in their appetite for regulated crypto products, are clearly paying attention. On-chain activity is strong, and even the chattering classes on X (formerly known as Twitter, a place of both profound insight and utter nonsense) believe the SEC’s decision will serve as a crucial test.
With a staggering ninety plus crypto ETF applications under review – including those concerning XRP, Dogecoin, and even the famously frivolous Litecoin-the SEC’s November decisions will, without a doubt, shape the future of this nascent industry. Whether that future is one of flourishing innovation or cautious stagnation, remains to be seen. But one thing is certain: there will be paperwork. Always paperwork. 🙄
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2025-11-03 08:53