The US SEC has acknowledged a proposed rule change that would allow Nasdaq to list and trade shares of the Grayscale Hedera Trust, marking a potential shift in the regulator's stance towards crypto investment products. Nasdaq has submitted a Form 19b-4 to the SEC, seeking approval to offer Grayscale's investment product holding HBAR, the native token of the Hedera Network. The shares of the trust would trade on Nasdaq under commodity-based trust share rules, with Grayscale Operating and Grayscale Investments Sponsors serving as sponsors. Grayscale is also pursuing SEC approval for digital asset investment products tracking XRP, Solana, Dogecoin, Litecoin, and Cardano. HBAR is currently the 16th largest crypto asset by market capitalization but has seen a 17% decline in the last seven days, currently trading at around $0.19.



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