Grayscale's HBAR Spot ETF Faces SEC's November 12 Decision Deadline

Layer2Observer · 2025-12-16T17:42:44+00:00

Grayscale's HBAR spot ETF application is at a critical decision point, with the SEC's final ruling due by November 12. Approval could enhance HBAR's market presence, while rejection may hinder institutional participation in its ecosystem.

Layer2Observer

2025-12-16 17:42:44

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Grayscale is confronting a critical juncture as the U.S. Securities and Exchange Commission (SEC) approaches its final determination on the company’s HBAR spot ETF application by November 12, marking a potential turning point for Hedera’s mainstream adoption.

The Timeline Behind the Decision

The cryptocurrency community has been tracking this approval process closely. Grayscale first filed its HBAR spot ETF application on February 28 under Nasdaq Rule 5711(d) guidelines. From June 12 onward, the SEC initiated formal review procedures, though the agency has repeatedly extended its decision timeline. The latest postponement pushed the deadline to September 9, but regulators have now set November 12 as the absolute final decision date with no further extensions permitted.

What’s at Stake for HBAR

Hedera (HBAR) - Real-Time Market Snapshot

Current Price: $0.11
24-Hour Change: +1.49%
Trading Volume (24h): $3.13M
Circulating Market Cap: $4.87B

The approval of a spot ETF would represent a watershed moment for HBAR, providing institutional and retail investors with direct spot exposure through traditional securities infrastructure. Such a development could significantly expand Hedera’s investor base beyond the current crypto-native market.

Why This Decision Matters

The SEC’s November 12 deadline spotlights the ongoing tension between cryptocurrency innovation and regulatory oversight. A green light would signal regulatory acceptance of Hedera’s technology and use cases. Conversely, rejection would further delay institutional participation in the HBAR ecosystem. Either way, this decision will face intense scrutiny from both the blockchain community and traditional finance observers.

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