The U.S. Securities and Exchange Commission extended its review of Nasdaq’s plan to list and trade shares of the Grayscale Hedera Trust, setting November 12, 2025 as the new deadline to approve or disapprove the proposal. The order cites Section 19(b)(2) of the Exchange Act and follows earlier steps that opened proceedings in June. The filing, dated September 9, keeps the listing bid active while the agency weighs comments and issues raised in the docket.
Meanwhile, Grayscale filed a preliminary S-1 on September 9 for the Grayscale Hedera Trust ETF, outlining a vehicle that holds HBAR and targets share value that reflects the trust’s HBAR holdings, net of expenses. The document notes the trust’s Delaware formation on August 12 and describes potential staking of HBAR if certain conditions are met.
Archax Launches Hedera “Pool Tokens” for On-Chain Portfolios
In London, FCA-regulated exchange Archax introduced “Pool Tokens” on Hedera, enabling on-chain baskets that combine already tokenized assets into a single transferable instrument. The first pool will hold equal parts of money market funds from abrdn (Aberdeen), BlackRock, State Street, and Legal & General, describing a digital “fund of money market funds.” Archax framed the launch as infrastructure for real-time assembly and transfer of multi-asset portfolios, with settlement designed to reduce intermediaries.
The release situates Hedera as one of the venues Archax uses for regulated tokenization workflows. It follows earlier pilots in the U.K. that tested tokenized collateral and settlement using institutional instruments, building toward broader portfolio-level composition of regulated assets on public networks.
Qatar Pilots Hedera-Based Digital Receipts in Islamic Finance
Separately, the Qatar Financial Centre’s Digital Asset Lab launched a proof-of-concept Digital Receipt System that applies blockchain to Sharia-compliant, asset-backed finance. The pilot runs on HashSphere, a permissioned ledger built with Hedera technology and deployed on Google Cloud, with AlRayan Bank and Blade Labs among the partners. The initiative aims to improve transparency and compliance for Islamic finance products while testing operational workflows with local institutions.
Local coverage underscores the lab’s role in convening banks and infrastructure providers around tokenization use cases, with the DRS serving as a first step toward potential commercialization if results meet regulatory and operational requirements.
HBAR forms a bullish flag on the four hour chart, with a breakout pointing to about 0.45
Sep 10 2025 , HBAR/USD trades near 0.232 on the Coinbase four hour chart while price compresses inside a downward sloping channel that follows a sharp prior advance. The structure matches a bullish flag. A bullish flag is a pattern where a strong rise called the flagpole is followed by a brief downward channel called the flag that often precedes another leg higher.
Price rebounded from the channel’s lower boundary near 0.21. Then it crossed back above the 50-period EMA, which sits around 0.2239 on this chart. Momentum pushed price toward the flag’s upper rail near 0.245. Sellers capped several tests there in recent sessions. Volume expanded on green candles during the push. Pullbacks showed lighter activity. That pattern supports constructive pressure into resistance.
Confirmation now matters. A decisive four-hour close above 0.245–0.250 would confirm the flag. Stronger volume than recent bars would add conviction. If the break holds, the measured move targets about 0.45. From 0.232, that implies roughly 95% upside. The chart also marks a target near 0.454.
Context helps. The prior surge built a clear flagpole. The pullback stayed orderly inside parallel lines. The 50-period EMA flattened, then turned up. Price now trades above that average and uses it as intraday support. Since September 5, each swing low printed slightly higher. Buyers are stepping in earlier on dips.
Risks stay defined. Failure to clear 0.245–0.250 keeps HBAR inside the flag. Consolidation would likely continue. A sustained move below the 50-period EMA near 0.224 would weaken the case. A close under the lower boundary around 0.21 would invalidate the pattern. That outcome would reopen the path to earlier support zones.
HBAR RSI shows strengthening momentum, sits at 63.74 with overbought threshold in sight
HBAR’s 14-period RSI prints 63.74 at 08:54 UTC on Sep 10, 2025, with its signal line near 63.32. The oscillator has climbed from early-September lows below 30, reclaimed the 50 midpoint, and now holds above it for multiple sessions, indicating improving upside momentum.
Momentum has turned constructive. RSI crossed above its moving average in early September and stayed there. The signal line turned higher as well. The oscillator then formed higher lows between roughly 35 and 55. Now RSI sits in the 60–65 band. It briefly touched the low-70s on September 9. Conditions look firm, not extreme.
Context supports this read. RSI has held above the 50 midpoint for several sessions. That marks a shift from August’s sub-50 regime. Pullbacks since September 5 found support near 50–55. Each rebound produced a higher RSI high. No clear bearish divergence has appeared. Momentum remains aligned with the advance.
Key bands are clear. Resistance sits at 70–72. A clean break would signal strong trend behavior. Support rests at 50–55. A sustained close below would weaken the setup. This momentum profile fits the four-hour bullish flag on price. Momentum often turns up first as price nears the flag’s upper rail. Watch for RSI to hold above 55 on dips. Rising RSI while price pauses would favor continuation.
