It’s definitely possible for HBAR to be included in a spot ETF in the future, but there are several factors at play. For starters, regulatory approval is a big hurdle. The SEC and other regulatory bodies have been pretty cautious about approving cryptocurrency spot ETFs because they worry about market manipulation and liquidity issues. Right now, we mostly see futures-based ETFs for Bitcoin and Ethereum, but as the market matures and more robust regulatory frameworks are put in place, the chances for a spot ETF including HBAR could improve.

Another key factor is market infrastructure and demand. HBAR needs to show strong market liquidity and a solid trading volume to be a viable candidate for an ETF. Plus, if it gets included in major cryptocurrency indices, that would be a huge step forward. ETF issuers look for assets that can handle the buying and selling pressures without causing huge price swings. If Hedera continues to grow its market cap and adoption, and if institutional and retail demand for diversified crypto ETFs increases, we might see HBAR in a spot ETF down the line. Keep an eye on collaborations between Hedera and financial institutions too, as these partnerships could facilitate the process.