Valour Digital Securities Limited (VDSL) and The Hashgraph Group (THG) have launched a new investment product: the Hedera HBAR ETP, now listed on Euronext Amsterdam.
This initiative provides European investors with unprecedented access to Hedera’s native token, HBAR, further integrating decentralized finance (DeFi) with traditional financial markets (TradFi).
HBAR ETP launches in Amsterdam
The HBAR ETP is Hedera’s first physically backed exchange-traded product (ETP) under the VDSL base prospectus. This distinguishes it from the previous version listed on Börse Frankfurt. The new listing offers retail and institutional investors a transparent and regulated route to invest in HBAR.
This listing expands opportunities for institutional and retail investors to participate in Hedera’s robust and sustainable network, said Olivier Roussy Newton, CEO of DeFi Technologies overseer Valour.
Hashgraph Group, a Swiss venture capital and technology firm, was instrumental in the development and financing of the Hedera HBAR ETP. The expansion to Euronext Amsterdam reflects its commitment to advancing institutional-grade digital assets.
Meanwhile, Valour’s innovative approach aligns with a growing trend in financial markets to integrate decentralized technologies. This also contributes to the transformative growth seen in the crypto investment space.
HBAR: A Promising Altcoin in the ETF Scene Amid US Regulatory Uncertainty
Even as altcoin ETPs have grown in popularity in Europe, the regulatory landscape in the US remains largely unclear. For example, in the US, only Canary Capital has filed for the first Hedera HBAR ETF with the SEC. This reflects potential institutional interest in HBAR as a viable asset class in the US.
According to Eric Balchunas, a prominent ETF analyst, HBAR’s regulatory clarity positions it ahead of assets like XRP and Solana (SOL) 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. First should be BTC+ETH combo ETFs, then probably Litecoin (because its BTC fork = commodity), then HBAR (because [it’s] not labeled as a security), and then XRP/Solana (which have been labeled as securities in pending lawsuits), Balchunas noted.
It is worth noting that XRP’s position remains unclear amid the ongoing legal dispute with the US regulator over its non-security classification. Meanwhile, Solana ETFs received a direct rejection from the SEC in December.
Ultimately, the chances of an HBAR ETF or any other altcoin-based financial instrument being approved in the US remain slim at this point. Investors are looking to the Trump administration for a better regulatory environment under Paul Atkins.
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