Subject: File No. SR-NASDAQ-2025-018
From: Enes Tekin
Affiliation:

Apr. 4, 2025

Hi,


I wanted to share my thoughts on why an HBAR ETF would be a strong and strategic filing.


HBAR is the native token of the Hedera network, a U.S.-registered company that leads in the blockchain space. With a governing council that includes major organizations like Google, Dell, and Boeing, Hedera offers a level of security, transparency, and accountability that many public ledgers lack.


Given its stability, institutional backing, and growing adoption, HBAR would be a strong, low-risk choice for an ETF.


Enes