HBAR Gains Momentum on Institutional Demand and ETF Buzz

Hedera’s HBAR token recorded modest gains during the Sept. 11–12 trading session, advancing from $0.237 to $0.245 before ending at $0.240. The uptick reflected growing institutional engagement, fueled by speculation surrounding new exchange-traded product filings.

Market momentum followed Grayscale Investments’ disclosure of plans to explore an HBAR trust, alongside a Canary HBAR ETF submission added to the DTCC’s database under ticker HBR. The filing, appearing with similar proposals for Solana and XRP, highlighted Wall Street’s widening appetite for crypto assets beyond Bitcoin.

Traders responded quickly, with $0.245 acting as a ceiling where profit-taking set in, while $0.240 emerged as a reinforced support level after late-session trading volumes spiked above 17 million tokens. Analysts say a sustained bid could open the door for a test of the $0.25 psychological mark.

Even so, experts stress that DTCC entries are preliminary and not equivalent to SEC approval. Regulators remain cautious on non-Bitcoin ETFs, citing concerns over manipulation and investor protections, leaving the timeline for an HBAR product unresolved.

Trading Metrics

• Range: $0.2335–$0.2456, equal to 4.24% intraday volatility.
• Peak move came overnight as HBAR climbed from $0.235 to $0.245.
• Breakout activity averaged 54.7M in volume versus a 24-hour mean of 50.1M.
• Institutional buying reinforced support at $0.240.
• Coordinated selling pressure capped advances at $0.245, leading to consolidation.

While approval hurdles persist, HBAR’s presence in ETF filings has sharpened Wall Street’s focus on Hedera, raising its profile among institutional players.