December 19, 202417:56 GMT+3

Valor Digital Securities Limited (VDSL) and The Hashgraph Group (THG) have unveiled a new investment product: the Hedera HBAR ETP, now listed on Euronext Amsterdam.

This move provides European investors with unprecedented access to Hedera’s native token, HBAR, furthering the integration of decentralized finance (DeFi) into traditional financial markets (TradFi).

HBAR ETP Launched in Amsterdam

The HBAR ETP is Hedera’s first physically backed exchange-traded product under the VDSL primary prospectus. This sets it apart from the previous version listed on the Frankfurt Stock Exchange. The new listing provides retail and institutional investors with a transparent and regulated way to invest in HBAR.

“This listing expands the opportunities for institutional and individual investors to participate in the robust and sustainable Hedera network,” said Olivier Rossi Newton, CEO of Valor, DeFi Technologies.

The Hashgraph Group, a Swiss-based venture capital and technology firm, was instrumental in the development and funding of Hedera’s HBAR ETP. The expansion to Euronext Amsterdam reflects a commitment to developing institutional-grade digital assets.

At the same time, Valor’s new approach is in line with the growing trend in financial markets to integrate decentralized technologies. It also adds to the transformative growth seen in the cryptocurrency investment space more broadly.

Even as altcoin ETPs gain traction in Europe, the regulatory landscape in the US remains generally unsettled. For example, in the US, only Canary Capital has filed with the SEC for its first Hedera HBAR ETF. This reflects potential emerging institutional interest in HBAR as a viable asset class in the US.

According to Erik Balkunas, a prominent ETF analyst, HBAR’s regulatory clarity puts it ahead of assets like XRP and Solana *SOLUSD for potential ETF approval. This sentiment comes from the fact that HBAR is not classified as a security.

“We expect a wave of crypto ETFs next year, though not all at once,” Balkunas noted. “The first will likely be BTC + ETH ETFs, then maybe Litecoin (since it’s a fork of BTC = a commodity), then HBAR (since it’s [not] classified as a security), then XRP/Solana (which has been classified as a security in pending litigation).”

XRP’s status remains uncertain amid an ongoing legal battle with the U.S. Securities and Exchange Commission over its non-security status. Meanwhile, Solana’s exchange-traded funds received a direct rejection from the SEC in December.

The chances of an H-Bar ETF or any other altcoin-based financial instrument being approved in the US remain slim for now. Investors are watching the Trump administration for a better regulatory environment under Paul Atkins.