The US Securities and Stock Exchange Commission (SEC) has taken Grayscale’s application for listing the HEDera (HBAR) -based investment tool. While this approval points to the start of the 21 -day public comment process, then it will decide to approve, reject or continue to examine the SEC. It is stated that the process may have effects on market dynamics.
Second comment process
Following the approval of the SEC, the relevant market participants and the general public will be able to report their views within 21 days. Following the comment process, the regulatory institution will make a final decision on the suitability of the application. This stage is carried out within the framework of SEC’s standard procedures.
Within the scope of the application, the investment vehicle to be created by Grayscale will follow the local token price of HELARA. Nasdaq demands SEC approval in order to list Grayscale Hedera Trust, while Bny Mellon Asset Servicing is expected to serve as a manager and transfer agent. Coinbase Custody Trust Company also provides storage service, CSC Delaware Trust Company will assume responsibility for assurance.
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Nasdaq said that the monitoring sharing agreement is sufficient for investor protection in order to ensure market integrity.
Technical Analysis and Market Movements
The price of Hedera Token has been wavy recently. The price was recently rising and approached around $ 0.25, afterwards, there was a decline and looking for support between 0.18-0.20 dollars. Among the technical indicators, MACD gives a positive momentum sign, while the RSI value is 46.60.
Similarly, Polkadot, XRP, Dogecoin for Grayscale’s other crypto assets 
$0.161581Solana and Cardano 
$0.731026 Based investment instruments are reported to be in the approval process. Other companies such as Canary Capital in the same area have made similar applications.
The public commentary process and the risk notifications of the SEC’s previous crypto products are among the issues to be meticulously evaluated in the progress of the process. In the approach of the regulatory institution, the last approved Bitcoin 
$81,701.23 and Ethereum 
$1,920.32 The impact of fundamental investment instruments are taken into consideration.
Technical indicators in the evaluation process are among the elements that are taken into consideration for the monitoring of market movements. The next step of the institution will be determined in the light of public opinion views.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
