HBAR ETF Sees $68 Million in Inflows as Price Consolidates After 8x Rally
The crypto project Hedera (HBAR) has gained significant attention due to the launch of its ETFs, particularly the Canary HBAR ETF, which fast-tracked its approval even during the U.S. government shutdown. This ETF managed $68 million and saw consistent inflows, highlighting increased visibility and adoption of HBAR in traditional finance. There are now 13 HBAR-related ETF filings, with potential for further growth. HBAR experienced a substantial price rally, but remains below its all-time high of $0.57, trading at $0.17 with a market cap of $7.8 billion. The technical outlook suggests possible price stabilization between $0.25–$0.30 if institutional interest persists, though broader market trends and U.S. monetary policy will play a significant role in its future trajectory.
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The Comeback Story of Hedera (HBAR)
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).
Government Shutdown Resolution Brings Opportunity
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) played a role in the second wave of ETF approvals, following Bitcoin and Ethereum. Notably, Canary Capital launched the Canary HBAR ETF using a special fast-track process, even during the shutdown.
The filing automatically became effective after 20 days, avoiding lengthy SEC review delays and still meeting the required standards, despite the agency's limited staffing during this period.
Rising Popularity of the HBAR ETF
The Canary HBAR ETF is already making headlines. On November 6, it recorded six consecutive days of inflows, reaching 387.4 million HBAR under management, valued at approximately $68 million.
Additionally, there are now 12 more ETF filings that reference HBAR. WisdomTree recently applied for a CoinDesk 20 Fund ETF that also includes the token, bringing the total to 13 HBAR-related ETF filings, with one already trading live.
This rise in ETF filings and trading activity is seen as a long-term positive for Hedera’s visibility and adoption in the traditional finance space.
Price Surge Amid ETF Buzz
Despite the excitement around the ETF launch, some analysts are questioning whether HBAR’s rally has peaked. In early November 2024, HBAR traded near $0.04, then surged to nearly $0.37 within a month, marking an impressive eightfold jump. It later peaked at $0.375 in mid-January before cooling down.
Currently, HBAR trades near $0.17, with a market cap of $7.8 billion and approximately 84% of tokens in circulation. However, its all-time high of $0.57, achieved four years ago, remains untouched.
What Lies Ahead for HBAR?
The technical outlook for HBAR shows mixed signals. On the downside, the token could revisit lower levels near $0.13–$0.15. Conversely, it may stabilize between $0.25–$0.30 if ETF inflows and institutional activity continue to grow.
If buying interest strengthens, a push toward $0.35–$0.40 is possible in the near term. However, HBAR’s price trajectory largely depends on broader market sentiment and U.S. monetary policy, especially as quantitative tightening winds down.
Disclaimer
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