Hedera’s HBAR token saw modest upside in the Sept. 11–12 trading window, rising from $0.237 to $0.245 before closing at $0.240. The move came as institutional flows strengthened on speculation tied to potential exchange-traded products.
Momentum followed announcements that Grayscale Investments is weighing an HBAR trust and that the Depository Trust & Clearing Corporation (DTCC) logged a Canary HBAR ETF filing under ticker HBR. The listing appeared alongside proposals for Solana and XRP, signaling a broadening of Wall Street’s crypto exposure beyond Bitcoin.
Price action reflected the heightened attention. Sellers capped the rally at $0.245, while $0.240 served as a key support level, underpinned by a late-session volume burst exceeding 17 million tokens. Analysts note that a push beyond $0.25 could be triggered if institutional demand continues to build.
Regulatory obstacles, however, remain. Market observers stress that DTCC filings are procedural and not equivalent to SEC approval. With regulators still focused on risks around market manipulation and investor safeguards, the timeline for any HBAR ETF remains uncertain.
Market Breakdown
- Trading range spanned $0.2335–$0.2456, a 4.24% volatility window.
- Gains concentrated between 21:00–05:00, lifting HBAR from $0.235 to $0.245.
- Breakout volumes averaged 54.7M, topping the daily average of 50.1M and pointing to institutional flows.
- Support at $0.240 held firm with high-volume defensive trading.
- Profit-taking was evident near $0.245, sparking consolidation into the close.
While approval hurdles remain, the filings have placed Hedera firmly on Wall Street’s radar, fueling speculation that institutional involvement could expand further.
