The US SEC sets the final deadline for the Grayscale Hedera Spot ETF decision as November 12.
Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) must approve or reject Grayscale's HBAR spot ETF by November 12, with no further extensions allowed. If approved, this ETF will become the first HBAR spot ETF in the United States, allowing investors to access Hedera network's native token HBAR through this regulated channel. The decision comes against a backdrop of increasing regulatory scrutiny and rising institutional demand for altcoin ETFs.
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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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