Anthony Scaramucci Reacts to Major Hedera ETF Update

The founder and managing companion of hedge fund SkyBridge Capital, Anthony Scaramucci, has responded bullishly to an replace by the Hedera Basis. In an earlier put up, the inspiration had hinted at the opportunity of a spot Hedera (HBAR) exchange-traded fund (ETF).

Canary Capital’s submitting provides momentum for altcoin ETFs

Notably, the Hedera Basis put up, “Time for an HBAR ETF?” is a teaser suggesting that asset managers are contemplating the launch of the product. Within the put up, U.S. Securities and Alternate Fee (SEC) Type 8-A filed by Canary Capital was connected.

This alerts registration for buying and selling on the Nasdaq. In keeping with the paperwork, the Hedera ETF submitting cited S-1 quantity 333-283135, which was initially filed on Nov. 12, 2024. It obtained an S-1 modification as not too long ago as Oct. 7, 2025.

Scaramucci believes this growth is optimistic information for Hedera, and it’ll solely be a matter of time earlier than an HBAR ETF hits the market. “It is the sound of inevitability,” he wrote.

The famend hedge fund supervisor is signaling optimism and confidence within the adoption of Hedera by the crypto neighborhood of buyers.

Canary Capital’s ETF submitting signifies there may be momentum on the crypto marketplace for digital property. Many had been shocked by the submitting, contemplating the continued U.S. authorities shutdown that has impacted workers energy at main institutions.

The crypto trade had been anticipating a collection of ETF approvals for varied filings, which embody XRP, with a number of companies indicating curiosity. A number of the asset managers that filed purposes with the SEC are Canary Capital, Grayscale, 21Shares, Bitwise, CoinShares and WisdomTree.

Different pending purposes are for Cardano ETF, Solana ETF and Chainlink. Nonetheless, the shutdown has affected the anticipation of approval as stakeholders proceed to observe developments.

Ever because the Bitcoin ETF made its debut in January 2024, altcoins have been in a race to additionally acquire institutional publicity by the use of an ETF. Up to now, solely Ethereum has obtained the nod from the regulatory physique, with purposes for XRP and others pending.

Hedera surges over 17% as buyers react

With notable personalities like Anthony Scaramucci expressing optimism {that a} Hedera ETF is “inevitable,” market members are excited.

This has additionally triggered a spike within the worth of Hedera on the crypto market within the final 24 hours.

Hedera is presently altering fingers at $0.2114, which represents a 17.44% inside the time-frame. The coin, which opened buying and selling with a low of $0.1766, surged to a peak of $0.2191 earlier than settling on the present market worth.

Hedera is witnessing elevated buying and selling exercise as properly, with quantity up by a staggering 337.44% to $854.09 million, per CoinMarketCap information.