HBAR Gains Momentum on Institutional Demand and ETF Buzz

Hedera’s HBAR token advanced modestly during Sept. 11–12, climbing from $0.237 to $0.245 before closing at $0.240. The gains came amid a surge in institutional activity tied to new ETF-related headlines.

Investor interest sharpened after Grayscale Investments outlined plans for a possible HBAR trust, while the Depository Trust & Clearing Corporation (DTCC) added a Canary HBAR ETF application under ticker HBR to its records. The filing appeared alongside those for Solana and XRP, underscoring Wall Street’s push to expand digital asset exposure beyond Bitcoin.

The market reacted quickly. Resistance at $0.245 capped further upside, while $0.240 emerged as a strong support zone, reinforced by a late-session volume spike of more than 17 million tokens. Analysts suggest the next key test lies at the $0.25 level if institutional flows remain steady.

Still, experts caution that DTCC entries are only procedural steps, not regulatory approvals. The SEC has yet to greenlight non-Bitcoin crypto ETFs, citing manipulation concerns and investor protection issues. As such, the timeline for an HBAR-based product remains unclear.

Key Trading Metrics

• Range: $0.2335–$0.2456, equal to 4.24% volatility.
• Bulk of gains occurred overnight, with prices climbing from $0.235 to $0.245.
• Breakout volume averaged 54.7M versus a 24-hour mean of 50.1M, pointing to institutional participation.
• $0.240 held as firm support under heavy defensive buying.
• Coordinated profit-taking was evident at $0.245, leading to consolidation.

For now, Hedera’s ETF buzz has cemented its place on Wall Street’s watchlist, even as regulatory uncertainty keeps investors cautious.