Anthony Scaramucci reacts to major update to Hedera ETF

Anthony Scaramucci, founder and managing partner of hedge fund SkyBridge Capital, had a bullish reaction to the Hedera Foundation update. previously postthe foundation hinted at the possibility of a Spot Hedera (HBAR) exchange-traded fund (ETF).

Canary Capital filing adds momentum to altcoin ETFs

Of note is Hedera Foundation's post “Is it time for an HBAR ETF?” is a teaser that suggests the asset manager is considering launching a product. The posting was filed on Securities and Exchange Commission (SEC) Form 8-A. canary capital was attached.

This indicates registration for trading on Nasdaq. The Hedera ETF filing cites S-1 number 333-283135, was originally filed on Nov. 12, 2024, and most recently received an S-1 amendment on Oct. 7, 2025, according to the filing.

Scaramucci believes this development is positive news for Hedera and that it's only a matter of time before the HBAR ETF hits the market. “It's the sound of necessity,” he wrote.

The famous hedge fund manager expresses optimism and confidence in the adoption of Hedera by the cryptocurrency community of investors.

Canary Capital’s ETF filing shows that there is momentum in the crypto market for digital assets. The filing came as a surprise to many, considering the ongoing U.S. government shutdown has affected the health of employees at major facilities.

The crypto industry was expecting a series of approvals for ETFs on various applications, including XRP, with multiple companies expressing interest. Asset managers that have filed filings with the SEC include Canary Capital, Grayscale, 21Shares, Bitwise, CoinShares, and WisdomTree.

Other pending applications are Cardano ETF, Solana ETF, and Chainlink. However, the closure is impacting the outlook for approval as stakeholders continue to monitor developments.

Since the debut of Bitcoin ETFs in January 2024, altcoins have been competing to gain exposure to institutional investors through ETFs. So far, only Ethereum has received approval from regulators, with XRP and other applications pending.

Hedera soars more than 17% as investors react

Market participants are excited, with celebrities like Anthony Scaramucci expressing optimism that the introduction of the Hedera ETF is “inevitable.”

This is also Hedera's value skyrockets in the cryptocurrency market in the last 24 hours.

Hedera is currently trading at $0.2114, which represents a 17.44% gain in the period. The coin started trading at a low of $0.1766 but skyrocketed to a high of $0.2191 before settling at its current market price.

Hedera has also seen increased trading activity, with trading volume increasing by 337.44% to a staggering $854.09 million. CoinMarketCap data.