#加密ETF申请热潮涌现 The reasons why Hedera's HBAR token is more likely to obtain ETF approval are mainly as follows:

Regulatory Classification: The HBAR token is not 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, which increases the likelihood of obtaining ETF approval. The Hedera network is governed by a management council composed of up to 39 term-limited and highly diverse leading organizations and enterprises, including well-known companies and institutions such as Google, Dell, and abrdn, providing strong institutional support and a compliant background.

Market Performance: The market performance of the HBAR token is also a factor in its ability to obtain ETF approval. The HBAR token has performed exceptionally well at certain times, such as after the news of Canary Capital submitting an HBAR ETF application, when the HBAR price surged more than 30%, indicating market interest and confidence in HBAR and its potential ETF.

Technical Advantages: Hedera's reliance on the efficiency and decentralized security provided by Hashgraph technology continues to attract the attention of institutional investors and developers to its ecosystem. This technological advantage may make it more attractive when applying for an ETF.

ETF Application Dynamics: Canary Capital has submitted the 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 obtain ETF approval compared to some other tokens due to its non-classification as a security, compliance, market performance, technical advantages, and positive ETF application dynamics.