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Professional / Newswire Style

HBAR Jumps 26% as Canary Capital’s Spot ETF Begins Trading on NYSE
October 28, 2025

Hedera’s HBAR token surged more than 25% on Tuesday as the newly launched Canary Capital spot HBAR ETF (ticker: HBR) made its debut on the New York Stock Exchange, supported by custodians BitGo and Coinbase Custody.

The token climbed from $0.1775 to $0.2052 over 24 hours, with trading volumes up 182% compared with the daily average. The ETF’s launch marks an important step for institutional investors seeking regulated access to Hedera, positioning HBAR alongside bitcoin and ether as one of the few digital assets available through a spot ETF structure. CoinDesk Indices provides the official pricing benchmark.

Momentum built early Tuesday as HBAR broke through $0.2060, a resistance level that had capped price action for weeks. Strong buying activity emerged near the $0.2000 psychological support, helping the token consolidate above $0.2050 through the European trading session.

However, the rally lost steam later in the day. HBAR retreated from $0.209 to $0.205, slipping below immediate support as selling pressure intensified. Analysts noted signs of institutional profit-taking, suggesting short-term fatigue following the sharp ETF-driven move. A decisive hold above $0.2000 is now seen as key to maintaining HBAR’s bullish setup.