Jun. 22, 2025
Dear Members of the U.S. Securities and Exchange Commission, I am writing to express my enthusiastic support for the approval of the proposed HBAR ETF, as filed by entities such as Canary Capital and Grayscale Investments for listing on the Nasdaq stock exchange. As an individual passionate about the integration of cryptocurrency into traditional financial markets, I believe this ETF offers a transformative opportunity for investors. A spot HBAR ETF would provide a regulated, accessible way for traditional and institutional investors to gain exposure to Hedera Hashgraph’s native token, HBAR, without the complexities of direct crypto ownership. This could drive significant capital into the Hedera ecosystem, enhance liquidity, and improve price discovery, all while operating under SEC oversight to ensure investor safety amidst the volatility often associated with digital assets. Furthermore, Hedera Hashgraph’s technology stands out for its speed, security, and energy efficiency, earning interest from global enterprises and institutions. Approving an HBAR ETF would signal the growing acceptance of innovative blockchain solutions in mainstream finance, bridging the gap between traditional markets and cryptocurrency. While I recognize the SEC’s concerns about market manipulation and the need for robust surveillance, I believe the structured nature of an ETF, supported by the applicants’ surveillance sharing agreements and Hedera’s transparent, enterprise-grade ledger, can effectively mitigate these risks. I urge the SEC to approve this ETF, as it aligns with the dual goals of investor protection and financial innovation. Thank you for considering my perspective, and I hope my input supports a favorable decision. Sincerely, Bruce Buckmaster