- Canary HBAR ETF saw six days of inflows, reaching $68 million total value.
- Thirteen ETF filings now include HBAR, showing rising institutional interest.
- HBAR jumped eight times in 2024 but now trades near $0.18.
Every crypto cycle has that one story — a project everyone gives up on, only to make a stunning comeback. For this cycle, that project might just be Hedera (HBAR).
With the U.S. government shutdown now resolved, the Securities and Exchange Commission (SEC) can once again move forward with pending ETF approvals.
Hedera (HBAR) was part of the second wave of ETF approvals following Bitcoin and Ethereum. Canary Capital used a special fast-track process to launch the Canary HBAR ETF, even during the shutdown. The filing automatically became effective after 20 days, avoiding long SEC review delays, and met the required standards despite limited staffing at the agency.
Related: XRP ETF Launch From Canary to Trigger Billions In Demand As Exchange Supply Stays Thin
HBAR ETF Gains Traction
The Canary HBAR ETF has already made headlines. On November 6, it recorded six consecutive days of inflows, reaching 387.4 million HBAR under management, valued at around $68 million.
In addition to this, 12 more ETF filings now reference HBAR, and WisdomTree recently applied for a CoinDesk 20 Fund ETF that also includes the token. Altogether, there are now 13 HBAR-related ETF filings, with one already trading live.
Many see this as a long-term positive for Hedera’s visibility and adoption within traditional finance.
Has the Rally Peaked?
While the chatter around the ETF launch boosted sentiment, some are questioning whether HBAR’s rally has already peaked.
In early November 2024, HBAR traded near $0.04, then surged to nearly $0.37 within a month, an eightfold jump. It later peaked at $0.375 in mid-January before cooling down. Despite this impressive run, the all-time high of $0.57 from four years ago remains untouched.
Currently, HBAR trades near $0.17, with a market cap of $7.8 billion and about 84% of tokens in circulation.
What’s Next for HBAR Price?
Technical outlooks point to mixed signals. HBAR could revisit lower levels near $0.13–$0.15. On the flip side, it may stabilize between $0.25–$0.30 if ETF inflows and institutional activity continue to build.
If buying interest grows, a push toward $0.35–$0.40 remains possible in the near term. However, much depends on broader market sentiment and the direction of U.S. monetary policy as quantitative tightening winds down.
Related: Grayscale Launches Options Trading for its Solana ETF: Will SOL Price React?
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