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21Shares has introduced a new physically-backed Hedera (HBAR) ETP, expanding European investors’ access to this prominent digital asset through traditional financial markets.
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This launch marks the second HBAR exchange-traded product in Europe, following Valour’s earlier offering, while U.S. investors anticipate the SEC’s upcoming decision on multiple HBAR ETF applications.
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Gregg Bell, Chief Business Officer at Hedera Foundation, emphasized that 21Shares’ initiative bridges traditional finance and crypto, providing a secure and straightforward investment channel for institutions and retail investors alike.
21Shares launches a new physically-backed Hedera (HBAR) ETP in Europe, complementing Valour’s offering as U.S. awaits SEC decisions on HBAR ETFs scheduled for June 11.
21Shares Expands European Market with Physically-Backed Hedera (HBAR) ETP
21Shares has officially launched the 21Shares Hedera ETP (ticker: HDRA), providing investors with 100% physical exposure to Hedera’s native token, HBAR. Listed on Euronext Amsterdam and Euronext Paris, this product enables both institutional and retail investors to gain direct exposure to HBAR without engaging with crypto-native exchanges or wallets. This development reflects a growing trend of integrating digital assets into traditional financial instruments, enhancing accessibility and regulatory compliance.
Market Implications and Competitive Landscape in Europe
The introduction of the 21Shares Hedera ETP complements Valour’s earlier HBAR ETP, which debuted on the Frankfurt Stock Exchange and expanded to Euronext Amsterdam. Together, these products broaden the availability of Hedera exposure across major European trading venues, catering to increasing investor demand for regulated and transparent crypto investment vehicles. This competition underscores the rising institutional interest in Hedera’s unique public ledger technology and its growing adoption in enterprise applications.
U.S. HBAR ETF Applications Await SEC Review Amid Growing Industry Interest
Across the Atlantic, the U.S. market is closely monitoring the Securities and Exchange Commission’s (SEC) impending decision on spot HBAR ETF applications. Canary Capital and Grayscale have both filed for spot HBAR ETFs, with formal review processes initiated earlier this year. The SEC’s verdict, expected on June 11, will be pivotal in determining the regulatory landscape for direct HBAR investment products in the United States.
Analyst Perspectives on SEC Approval Prospects
Industry analysts view Hedera ETFs as strong candidates for SEC approval, alongside other prominent digital assets such as Litecoin (LTC). The growing institutional adoption of Hedera’s network and its compliance-focused approach may influence regulatory confidence. Approval of these ETFs could significantly enhance liquidity and market participation in HBAR, potentially setting a precedent for future digital asset exchange-traded products.
Conclusion
The launch of 21Shares’ physically-backed Hedera ETP marks a significant milestone in expanding regulated access to HBAR in Europe, complementing existing offerings and meeting investor demand for secure crypto exposure. Meanwhile, the U.S. market awaits critical regulatory decisions that could further legitimize HBAR investment vehicles. Together, these developments highlight Hedera’s increasing prominence in the evolving digital asset ecosystem and the growing convergence of traditional finance with blockchain technology.
