Crypto Media Style (CoinDesk / The Block Tone)
Hedera’s HBAR Spikes Above $0.20 as Spot ETF Launches on NYSE
October 28, 2025
Hedera (HBAR) soared more than 25% on Tuesday as Canary Capital’s spot HBAR ETF (HBR) began trading on the New York Stock Exchange, opening new doors for institutional investors.
The ETF — backed by BitGo and Coinbase Custody and benchmarked by CoinDesk Indices — marks the first regulated investment vehicle giving direct exposure to Hedera’s native token.
HBAR jumped from $0.1775 to $0.2052 in 24 hours, while trading volume surged 182% above average. The rally began around 06:00 UTC, when the token broke decisively above $0.2060 resistance, pushing through to a session high of $0.209 before easing lower.
By late trading, profit-taking among institutional players caused HBAR to retreat to $0.205, briefly slipping below short-term support at $0.206. Analysts said the pullback reflects healthy consolidation after an aggressive ETF-driven breakout, with $0.200 now acting as a key level to watch for continued upside momentum.
The ETF launch solidifies Hedera’s place among institutionally tradable digital assets, joining bitcoin and ether in a growing lineup of spot crypto ETFs on U.S. exchanges.
