21Shares Lists Physically-Backed Hedera ETP on Euronext as U.S. Eyes June Decision on HBAR ETFs

Swiss crypto investment firm 21Shares has launched a new exchange-traded product (ETP) offering exposure to Hedera’s native token, HBAR, broadening access to the digital asset through traditional financial channels. The new product, trading under the ticker HDRA, is now available on Euronext Amsterdam and Euronext Paris, allowing both institutional and retail investors in Europe to invest in HBAR without relying on crypto-native platforms.

The HDRA ETP is 100% physically backed, meaning it holds actual HBAR tokens to support its value, and is part of 21Shares’ ongoing push to make digital assets more accessible via conventional brokerage accounts.

“As more institutions seek secure ways to access digital assets, 21Shares continues to lead the way by bridging traditional finance and crypto with clarity and confidence,” said Gregg Bell, Chief Business Officer at the Hedera Foundation, in a press statement. “This collaboration gives investors a straightforward way to access HBAR and brings them closer to a network trusted by leading institutions worldwide.”

This marks the second European ETP for HBAR. The first came from Valour, which launched its product in mid-2024 on the Frankfurt Stock Exchange before expanding to Euronext Amsterdam.

While European investors gain more direct access to HBAR, attention is shifting to the United States, where the Securities and Exchange Commission (SEC) is reviewing multiple filings for spot HBAR ETFs. Canary Capital submitted its initial application to the SEC in November 2024, followed by updated filings in February 2025. Grayscale has also joined the race, with Nasdaq filing a 19b-4 form on its behalf in early March.

The SEC’s decision on both proposals is expected by June 11, a date that could mark a turning point for broader HBAR adoption in U.S. markets. Analysts believe Hedera ETFs are strong candidates for approval, potentially alongside other altcoin ETFs such as those based on Litecoin (LTC).

As regulatory clarity evolves and more institutions seek exposure to blockchain assets, offerings like 21Shares’ HDRA are positioning HBAR for wider mainstream integration across global financial systems.