#加密ETF申请热潮涌现 Hedera's HBAR token is more likely to receive ETF approval for the following reasons:

Regulatory Classification: The HBAR token has not been classified as a security by the U.S. Securities and Exchange Commission (SEC). This is different from other tokens like XRP or Solana, which may face more challenges during the regulatory process. Since HBAR is not considered a security, it has an advantage when applying for an ETF.

Compliance: The Hedera network and its HBAR token perform well in terms of compliance, increasing the likelihood of ETF approval. The Hedera network is governed by a management council consisting of up to 39 term-limited and highly diversified leading organizations and enterprises, including well-known companies and institutions like Google, Dell, and abrdn, providing it with strong institutional support and a robust compliance background.

Market Performance: The market performance of the HBAR token is also a factor in its likelihood of obtaining ETF approval. The HBAR token has shown outstanding performance during certain periods, such as after the announcement of Canary Capital's application for an HBAR ETF, where the HBAR price rose by over 30%, demonstrating the market's interest and confidence in HBAR and its potential ETF.

Technical Advantages: Hedera's reliance on Hashgraph technology provides efficiency and decentralized security, continuously attracting the attention of institutional investors and developers. This technological advantage may make it more appealing when applying for an ETF.

ETF Application Dynamics: Canary Capital has submitted an S-1 registration statement for the HBAR ETF to the U.S. SEC, indicating that the application for the HBAR ETF is actively progressing.

In summary, the HBAR token is more likely to receive ETF approval compared to some other tokens due to its classification as a non-security, compliance, market performance, technical advantages, and positive ETF application dynamics.