Apr. 3, 2025
Dear Securities and Exchange Commission, I am writing to express my strong support for the approval of the HBAR ETF application. I believe that approving this ETF is not only in the best interest of American investors but also a crucial step in fostering innovation and supporting American businesses in the rapidly evolving digital asset landscape. Hedera Hashgraph, the network powered by HBAR, is a unique and highly efficient distributed ledger technology with significant potential for enterprise adoption. Its demonstrated speed, security, and low transaction costs make it a compelling platform for various real-world applications, including supply chain management, digital identity, and asset tokenization. Here are several key reasons why approving the HBAR ETF is in the best interest of American businesses and the broader economy: * Promoting Technological Innovation: Approving this ETF would signal the SEC's commitment to embracing cutting-edge technologies. It would encourage American businesses to explore and adopt Hedera's technology, fostering innovation and maintaining the United States' leadership in the digital asset space. * Enhancing Market Accessibility: An HBAR ETF would provide a regulated and accessible investment vehicle for American investors, including institutional investors, who may be hesitant to directly hold HBAR. This increased accessibility would inject liquidity into the HBAR market and support its growth. * Supporting Enterprise Adoption: Many American businesses are actively exploring and implementing Hedera's technology for various enterprise solutions. An HBAR ETF would further validate the network's potential and encourage wider adoption, benefiting these businesses and the broader economy. * Creating a Level Playing Field: Approving the HBAR ETF would create a level playing field for American investors, allowing them to participate in the growth of a promising digital asset project. This would help prevent capital from flowing to unregulated or offshore exchanges. * Investor Protection: An ETF, operating under the SEC's regulatory framework, offers a level of investor protection that is currently lacking in the direct purchase of HBAR on various exchanges. This regulated access protects retail investors. In conclusion, approving the HBAR ETF is a strategic move that would benefit American businesses, investors, and the overall economy. It would demonstrate the SEC's forward-thinking approach to regulating digital assets and position the United States as a leader in this transformative technology. Thank you for your consideration