Hedera’s native token, HBAR, posted a modest advance during the Sept. 11–12 trading window, climbing from $0.237 to $0.245 before closing the session at $0.240. The move came as institutional flows picked up, with attention centered on new ETF-related developments.
Investor momentum strengthened after Grayscale Investments announced it is considering an HBAR trust and the Depository Trust & Clearing Corporation (DTCC) recorded a Canary HBAR ETF filing under the ticker HBR. The application, submitted alongside similar filings for Solana and XRP, highlighted Wall Street’s expanding interest in crypto assets outside of Bitcoin.
Market reaction was immediate. Selling pressure capped gains at $0.245, while $0.240 became a key support level bolstered by a late-session volume burst exceeding 17 million tokens. Analysts suggested the next key test lies at the $0.25 psychological threshold, provided institutional activity continues.
Still, regulatory uncertainty clouds the outlook. DTCC filings represent early procedural steps and are not equivalent to SEC approval. With U.S. regulators focused on market manipulation risks and investor safeguards, the timeline for any HBAR ETF remains unclear.
Trading Breakdown
- Range: $0.2335–$0.2456, showing 4.24% intraday volatility.
- Strongest upward momentum came overnight, as HBAR moved from $0.235 to $0.245.
- Breakout volume averaged 54.7M, above the 24-hour mean of 50.1M, signaling institutional flows.
- $0.240 acted as firm support with defensive institutional buying.
- Profit-taking was concentrated near $0.245, prompting late-session consolidation.
Even without regulatory clarity, Hedera’s inclusion in ETF filings has drawn Wall Street’s attention, lifting HBAR’s profile among institutional investors.
