Subject: File No. SR-NASDAQ-2025-018 - Support for HBAR ETF
From: Ryan Dalrymple
Affiliation:

Apr. 3, 2025

Dear SEC Review Team, 




I am writing to express my strong support for the approval of an HBAR ETF. Hedera (HBAR) operates as a US-registered entity with a governance structure that includes major global organizations such as Google, Dell, and Boeing. This level of oversight and decentralization ensures a high degree of responsibility and security that many public ledgers lack. 


An HBAR ETF would provide investors with a low-risk, well-governed digital asset, making it a sensible and strategic addition to the ETF market. Given its strong institutional backing and regulatory-friendly framework, I believe an HBAR ETF would be a responsible and beneficial offering for the broader market. 


I appreciate your consideration. 


Best regards, 


Ryan Dalrymple 
[REDACTED]
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