TLDR
- Canary Capital’s HBAR ETF (Ticker: HBR) began trading on the NYSE on October 28, 2025, providing institutional investors with regulated access to Hedera’s cryptocurrency.
- HBAR price jumped over 25% from $0.1775 to an intraday high of $0.2191, with trading volume increasing by more than 328% to reach $1.12 billion.
- The ETF features physical HBAR holdings with custody from BitGo and Coinbase Custody, and pricing based on CoinDesk Indices.
- New SEC generic listing standards implemented in mid-September allowed the ETF approval during the U.S. government shutdown without individual product review.
- Twelve other ETF filings citing HBAR are pending from issuers including Grayscale, ProShares, 21Shares, and T. Rowe Price.
The Canary Capital Hedera ETF began trading on the New York Stock Exchange on October 28, 2025. The launch marks the third cryptocurrency spot ETF in the United States, following Bitcoin and Ethereum.
The $HBR ETF offers exposure to HBAR, the native token of Hedera Hashgraph—used for network services, fees, security, & powering apps. Hedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency
More: https://t.co/7wf857Bv0S pic.twitter.com/J7QRDA3GYj— Canary Capital (@CanaryFunds) October 28, 2025
HBAR price responded with a sharp rally. The token rose from $0.1775 to an intraday high of $0.2191 before settling near $0.1980. This represents a gain of over 25% in a single day.
Trading volume surged alongside the price movement. According to CoinMarketCap, 24-hour trading volume jumped more than 328% to reach $1.12 billion. The volume increase suggests strong market interest in the ETF launch.
The ETF trades under the ticker HBR on the NYSE. It provides institutional investors with regulated access to Hedera’s network. The fund holds physical HBAR coins with custody services from BitGo and Coinbase Custody.
Pricing for the ETF comes from CoinDesk Indices. This provides investors with a transparent method to gain exposure to the Hedera ecosystem. The structure mirrors other cryptocurrency ETFs currently trading in the market.
New Regulatory Framework Enables Faster Listings
The SEC implemented new generic listing standards in mid-September. These rules allow exchanges to list ETFs without individual product review. The framework enabled the HBAR ETF approval despite the ongoing U.S. government shutdown.
The NYSE also listed spot ETFs for Solana and Litecoin on the same day. This marked the first multi-asset ETF launch under the new regulatory framework. ETF analyst Eric Balchunas reported first-day trading volumes of $56 million for the Solana ETF, $8 million for HBR, and $1 million for the Litecoin ETF.
The Hedera Foundation stated that the network’s regulatory design made it ready for institutional adoption. The Foundation emphasized its focus on compliance and enterprise reliability. Years of development aimed at attracting traditional financial players led to the ETF approval.
Twelve other ETF filings citing HBAR are currently pending. Issuers include Grayscale, ProShares, 21Shares, and T. Rowe Price. These filings position Hedera as a leading blockchain for institutional involvement in the altcoin ETF space.
Technical Levels and Market Performance
Data from TradingView shows strong buying momentum pushed the price up from near $0.186. A sharp breakout occurred through the $0.206 resistance level. Profit-taking developed during afternoon sessions after HBAR peaked at $0.2191.
$HBAR gearing up for a massive breakout ⚡
50-60% move on the radar! 🔥#HBAR #HBARUSDT pic.twitter.com/ePYcG6WNQU
— ZAYK Charts (@ZAYKCharts) October 28, 2025
Key support levels currently sit at $0.2000 and $0.1950. Resistance zones remain between $0.2060 and $0.2192. If HBAR holds above $0.200, the $0.210 to $0.219 range could be retested.
The Relative Strength Index stands at 86. This indicates overbought conditions in the near term. The Moving Average Convergence Divergence shows a bullish crossover, confirming upward price momentum.
Recent inflows reached $14 million, contributing to the price increase. In contrast, outflows of $18 million in mid-March caused a price drop. The latest surge in inflows above $10 million helped drive the price past $0.20.
Crypto analysts predict potential for further price movement. Some analysts suggest HBAR could see a 50-60% price gain based on technical patterns. If the bullish trend continues, initial targets sit at $0.23, then $0.25, and potentially $0.30.
The ETF launch creates a new institutional investment channel for HBAR. Anthony Scaramucci, founder of SkyBridge Capital, has called the approval of the Hedera ETF inevitable. The approval signals growing institutional diversification beyond Bitcoin and Ethereum into alternative blockchain models.
