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21Shares has introduced a new exchange-traded product (ETP) for Hedera’s native token, HBAR, providing European investors with improved access to the cryptocurrency market. The launch comes as interest in Hedera continues to grow, with both institutional and retail investors seeking convenient avenues to invest in digital assets. Meanwhile, U.S. investors are closely monitoring the SEC’s upcoming decision on HBAR ETFs, scheduled for June 11.

21Shares Hedera ETP: A New Gateway to HBAR

The newly launched 21Shares Hedera ETP offers 100% physically backed exposure to HBAR, Hedera’s native cryptocurrency. This product enables investors to access HBAR through traditional brokerage accounts, eliminating the need to navigate complex crypto-native infrastructure. Trading under the ticker HDRA, the ETP is now listed on both Euronext Amsterdam and Euronext Paris.

Gregg Bell, Chief Business Officer at the Hedera Foundation, emphasized the importance of this development, stating:

“As more institutions seek secure ways to access digital assets, 21Shares continues to lead the way by bridging traditional finance and crypto with clarity and confidence. This collaboration gives investors a straightforward way to access HBAR and brings them closer to a network trusted by leading institutions worldwide.”

Expanding Access to Hedera in Europe

The 21Shares Hedera ETP marks the second exchange-traded product for HBAR in Europe. The first HBAR ETP, launched by Valour in mid-2024, initially debuted on the Frankfurt Stock Exchange before being added to Euronext Amsterdam. These developments highlight the growing demand for regulated investment products tied to Hedera’s ecosystem.

HBAR ETFs Await SEC Decision in the U.S.

While European investors benefit from increasing access to HBAR through ETPs, American investors eagerly anticipate the SEC’s decision on pending HBAR ETF applications. Canary Capital and Grayscale have both filed for spot HBAR ETFs with the U.S. Securities and Exchange Commission. Canary Capital submitted its application in November last year, followed by an amended S-1 and 19b-4 form on February 24, 2023. Similarly, Nasdaq filed a 19b-4 form on behalf of Grayscale in early March 2023.

The SEC’s decision on these filings is expected on June 11, with market participants watching closely. Industry analysts suggest that Hedera ETFs are among the most likely candidates for approval, alongside other cryptocurrency ETFs such as Litecoin (LTC).

Why Hedera is Attracting Investor Interest

Hedera, powered by its unique hashgraph consensus mechanism, has gained attention as a scalable and energy-efficient blockchain alternative. Its robust network, backed by reputable global organizations, makes it an attractive option for investors exploring digital assets. By offering regulated products like ETPs and ETFs, financial institutions are making it easier for investors to participate in the Hedera ecosystem without the complexities of directly managing cryptocurrency wallets or exchanges.

Key Takeaways for Investors

  • The 21Shares Hedera ETP is now available on Euronext Amsterdam and Euronext Paris, providing 100% physically backed exposure to HBAR.
  • Valour was the first to introduce an HBAR ETP in Europe, highlighting increasing demand for Hedera-based investment products.
  • In the U.S., the SEC’s decision on Canary Capital and Grayscale’s HBAR ETF applications is expected on June 11, with analysts optimistic about approval odds.
  • Hedera’s innovative technology and institutional backing make it a compelling choice for investors entering the cryptocurrency market.

As the crypto investment landscape continues to mature, products like Hedera ETPs and ETFs are paving the way for broader adoption of digital assets. Investors interested in cryptocurrencies should stay informed about regulatory updates and explore opportunities to diversify their portfolios with innovative blockchain projects like Hedera.

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