Major stock exchanges Nasdaq and NYSE Arca keep boosting their efforts to bring cryptocurrency ETFs to the US market by submitting new regulatory applications.
Nasdaq seeks approval from the SEC by filing Form 19b-4 to list the Grayscale Hedera Trust shares as their asset management company files its 6th application for altcoin ETFs.
The NYSE Arca has joined Nasdaq by seeking approval for Bitwise’s Dogecoin ETF application. The rise in business interest to create cryptocurrency investment products shows that investment institutions want to enter the crypto space while markets adapt to new changes.
Dogecoin’s Brief Surge to $0.21 Ends in Sharp Decline
The application submissions occur during an active period of cryptocurrency market instability after Donald Trump announced on March 2 that he plans to create a U.S. crypto reserve.
Despite receiving support from news about the cryptocurrency Dogecoin spiking to $0.21 briefly then fell 7.4% within 24 hours. Institutionals helped Hedera relish its 30% weekly growth and 2% daily appreciation.
The ETF approval procedure begins when Nasdaq and NYSE Arca submit their written requests. After receiving approval from the SEC the filings enter the Federal Register and start a 45-day review process under normal conditions. Mark Uyeda leads the SEC while starting to approve applications for ETFs connected to Solana, XRP, and Cardano cryptocurrencies.
Nasdaq’s 19b-4 Filing Signals Growing Interest in Hedera
Grayscale advanced its ETF transformation efforts by submitting new spot ETF applications for Polkadot, XRP, Dogecoin, Cardano, Solana alongside its recent Hedera application.
Through application processes the asset manager seeks permission from regulators to create digital asset trusts that bring institutional investors into the cryptocurrency markets.
Hedera distinguishes itself from regular blockchain networks through the Hashgraph consensus method which offers faster transactions and better pricing compared to traditional networks. Nasdaq revealed its plan to file 19b-4 documents in February when Canary Capital sought to launch its Hedera ETF.
Will the SEC Make Crypto ETFs More Accessible?
Since its meme-inspired start, Dogecoin has become of significant interest to both retail buyers and large financial institutions. Dogecoin has moved from its initial position as a joke coin into its position as the ninth-largest digital currency by overall market worth. Including it in Trump’s announcement has increased curiosity about the possible crypto future at the national level.
ETF documents show that more investors are adding cryptocurrency to their investment funds. The market will pay attention to how the SEC handles these applications while its regulatory measures remain in force. The approval of these ETFs would help investors step into the digital asset markets, including Hedera and Dogecoin, with more available investment paths.
Conclusion
The approvals of Hedera and Dogecoin ETFs will bring more people into crypto markets for the first time. The SEC will examine these documents while investors watch for its essential decisions that will influence future investment opportunities in the market. The interest of institutional investors makes cryptocurrency ETFs steadily grow within our changing financial markets.
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FAQs
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1. What crypto ETFs were recently filed?
Nasdaq filed for Grayscale’s Hedera ETF, and NYSE Arca for Bitwise’s Dogecoin ETF.
2. How does the SEC review crypto ETFs?
After a 19b-4 filing, the SEC reviews it for 45 days.
3. Why did Dogecoin and Hedera prices change?
Trump’s crypto reserve announcement caused price volatility.
4. What makes Hedera unique?
Hedera uses Hashgraph for faster and cheaper transactions.
Glossary of Key Terms
Crypto ETF – A fund that tracks crypto prices and trades on exchanges.
19b-4 Filing – A request to the SEC for ETF approval.
Nasdaq & NYSE Arca – U.S. stock exchanges listing crypto ETFs.
SEC – The U.S. agency regulating securities and crypto ETFs.
Hedera – A crypto network using Hashgraph for fast transactions.
Strategic Crypto Reserve – Trump’s proposed U.S. crypto holdings.
Reference
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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