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The Nasdaq Stock Market LLC’s move to file a 19b-4 form with the United States Securities and Exchange Commission to list and trade Grayscale’s spot Hedera ETF has created immense excitement in the cryptocurrency market, especially the Hedera market. In the last seven days, the Hedera price has experienced a surge of 17.5%. In the last hour alone, the market has grown by around 0.5%. Let’s analyse the scenario deeper.
Nasdaq Files for Grayscale’s Hedera ETF
It was on Monday that the Nasdaq filed the form with the US SEC to list and trade the spot HBAR ETF of Grayscale. For an ETF to be traded on a major stock exchange, the exchange needs SEC approval.
In the last 30 days, the Hedera market has seen a drop of 18.7%. However, in the last seven days, it has experienced a rise of 17.5%. In the last one hour alone, the market has surged by over 0.5%.
The total market cap of HBAR is $9,543,646,221. Its 24-hour trading volume stands at $756,217,012.