Hedera’s native token, HBAR, notched modest gains between Sept. 11 and Sept. 12, advancing from $0.237 to $0.245 before settling at $0.240. The move coincided with a surge in institutional trading tied to fresh signs of potential exchange-traded products.
Momentum accelerated after Grayscale Investments confirmed it is exploring an HBAR trust and the Depository Trust & Clearing Corporation (DTCC) recorded a Canary HBAR ETF filing under ticker HBR. The submission appeared alongside similar proposals for Solana and XRP, signaling Wall Street’s widening focus on alternative digital assets.
Traders responded swiftly to the filings. Resistance near $0.245 triggered selling, while $0.240 became a solid support level, supported by late-session spikes in trading activity that surpassed 17 million tokens. Analysts argue that a push above $0.25 could be within reach if institutional flows persist.
Still, industry watchers warn that DTCC listings do not equal regulatory approval. The SEC has yet to clear non-Bitcoin crypto ETFs, citing concerns around market integrity and investor protections. As a result, the path to an HBAR-based product remains uncertain.
Trading Breakdown
- Intraday range: $0.2335–$0.2456, showing 4.24% volatility.
- Strongest upward momentum occurred overnight, with HBAR climbing from $0.235 to $0.245.
- Breakout activity averaged 54.7M in volume, surpassing the 24-hour average of 50.1M.
- Support at $0.240 held firm under heavy institutional trading.
- Profit-taking emerged around $0.245, leading to late-session consolidation.
For now, speculation around ETFs has put Hedera firmly on institutional radar screens, even as regulatory challenges keep its future uncertain.
