The US SEC has set the final deadline for Grayscale's Hedera Spot ETF decision to November 12.

[The US SEC sets the final deadline for Grayscale's Hedera Spot ETF decision to November 12] The SEC must approve or reject Grayscale's HBAR Spot ETF by November 12, and no further extensions will be granted. If the ETF is approved, it will become the first HBAR Spot ETF in the US, allowing investors to access the native Token HBAR of the Hedera network through this regulated channel. The background for this decision is that, with increasing regulatory scrutiny, the demand for altcoin ETFs from institutions is continuously rising.

HBAR-7.28%
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