The US Securities Supervision Commission (SEC) has until November 12 to approve or reject the grey release (Grayscale) HBAR Spot ETF, with no further extensions. If approved, the ETF would be the first HBAR Spot ETF in the US, providing investors with regulated access to HBAR, the Hedera network's native token. The decision comes against the backdrop of rising institutional demand for counterfeit products ETFs amid increased regulatory scrutiny.
According to market news, the US SEC delayed the approval of the grey release HEDERA spot ETF.
According to Cointelegraph, the Securities Exchange Commission (SEC) has confirmed receipt of the grey release Hedera ETF application.
On May 7th, Layer1 Axelar (AXL) announced that it will interconnect Bitcoin, Hedera, and Polka ecosystems across the chain. Bitcoin L2 network Stacks, open-source proof-of-stake blockchain Hedera, Moonriver Network, and privacy network Iron Fish will be the first phase of the Axelar Interchain Amplifier pilot program, achieving one-click programmable interoperability.
Since its launch, the Hedera network has officially processed more than 50 billion mainnet transactions.