21Shares Unleashes New HBAR ETP in Europe, U.S. Investors on Edge for SEC Ruling

21Shares Goes All In on Hedera with New ETP

Hold onto your hats, crypto fans! 21Shares just dropped a bombshell with their latest ETP, diving deep into the world of Hedera (HBAR). This isn't just another token; it's 100% physically backed and ready to rock your investment portfolio. Whether you're an institutional bigwig or a retail investor looking to get in on the action, the 21Shares Hedera ETP, trading under the ticker HDRA, is your ticket to ride. Now listed on Euronext Amsterdam and Euronext Paris, this ETP is breaking down barriers and making HBAR accessible through traditional brokerage accounts like never before.

Hedera Foundation Cheers on the Game-Changing Move

Gregg Bell, the Chief Business Officer at the Hedera Foundation, couldn't contain his excitement. "As more institutions scramble for secure ways to dive into digital assets, 21Shares is blazing the trail, bridging the gap between traditional finance and the wild world of crypto with unmatched clarity and confidence," he declared. Bell's not just blowing smoke; this partnership is a game-changer, giving investors a straightforward path to HBAR and connecting them to a network trusted by the biggest players in the game.

Europe's Second HBAR ETP Joins the Party

But wait, there's more! The 21Shares Hedera ETP isn't flying solo in Europe. Valour kicked off the HBAR ETP party earlier this year, launching their product on the Frankfurt Stock Exchange before spreading the love to Euronext Amsterdam. Now, with 21Shares joining the fray, HBAR's presence in Europe is stronger than ever.

U.S. Investors Hold Their Breath for SEC's Verdict

Across the pond, American investors are on the edge of their seats, waiting for the SEC's decision on U.S. HBAR ETFs. Canary Capital and Grayscale are in the ring, both fighting for a spot HBAR ETF on Nasdaq. Canary Capital threw their hat in the ring last November, with an amended S-1 and a 19b-4 form hitting the SEC's desk in February. Not to be outdone, Grayscale jumped in with their own spot HBAR ETF, with Nasdaq filing a 19b-4 form on their behalf in early March. The clock is ticking, and the SEC's decision day is set for June 11. Will HBAR ETFs get the green light? The crypto world is holding its breath.

Hedera ETFs in the Spotlight for SEC Approval

And here's the kicker: industry analysts are betting big on Hedera ETFs, putting them right up there with Litecoin (LTC) ETFs as top contenders for SEC approval. The stakes are high, and the potential payoff could be huge. Buckle up, folks; the HBAR ride is just getting started!