Grayscale’s long-awaited Hedera (HBAR) ETF software has been quietly and abruptly withdrawn.
File quantity SR-NASDAQ-2025-021, a authorized submitting with the U.S. Securities and Alternate Fee (SEC), coated the rule change course of required for Nasdaq to record Grayscale Hedera Belief. Nevertheless, a “Withdrawn on November 3, 2025” be aware within the standing part of the submitting revealed that the method had been utterly halted.
This growth means Grayscale has withdrawn its software earlier than the November twelfth choice deadline. With the appliance now not lively, the SEC has no extra filings to approve, reject, or postpone. This successfully eliminates the anticipated HBAR ETF choice. The market’s days-long countdown has ended and not using a choice being introduced, and the method is closed except a brand new software is submitted.
This ETF initiative, which generated nice anticipation within the cryptocurrency neighborhood, has ended on this approach and is seen as a severe disappointment for traders.
To date, no official assertion has been launched by Grayscale or Nasdaq. Nevertheless, the SEC filings clearly point out that the appliance has been withdrawn, indicating that the method has been definitively concluded. Nevertheless, the potential of a brand new software has not been dominated out.
*This isn’t funding recommendation.
