Hedera’s native token, HBAR, is back in the spotlight, surging over 16% in 24 hours to around $0.21, with daily trading volume spiking past $1 billion.
The rally follows the official listing of the Canary HBAR ETF (Ticker: HBR) on Nasdaq, signaling a significant leap for institutional participation in the Hedera ecosystem.
Traders are now watching closely as the move mirrors early reactions to Bitcoin and Ethereum ETF approvals, suggesting the market may be pricing in a longer-term liquidity shift for the HBAR coin.
HBAR ETF Launch Opens the Institutional Floodgates
The newly launched Canary HBAR ETF began trading on October 28, 2025, giving investors direct spot exposure to Hedera’s native token for the first time.
According to Nasdaq’s listing circular, the fund will hold actual HBAR in custody with BitGo and Coinbase Custody, while CoinDesk Indices provides pricing data, a setup designed to reassure compliance-focused institutions.
Crypto analysts are comparing this development to the 2024 Bitcoin ETF boom, which drew in $10 billion+ inflows in its first month. If HBAR follows a similar trajectory, the ETF could catalyze massive on-chain liquidity and boost market visibility for Hedera’s enterprise-grade ecosystem.
Adding to the bullish sentiment, the Hedera Foundation also announced that USDC is now live on Bybit, the world’s second-largest CEX by volume, opening HBAR’s stablecoin rails to over 70 million users globally.
HBAR Price Outlook: Can the Rally Extend Beyond $0.25?
The HBAR price breakout appears strong. The token has completely retraced the massive liquidation crash from earlier this year, which some analysts called “the largest liquidation event in crypto history.”
Charts shared by BlockWave show HBAR forming a symmetrical triangle pattern with clear upside momentum. A decisive breakout above $0.23 could send prices toward the quarterly high of $0.305 (+45%) and possibly the yearly high of $0.40 (+91%), if momentum persists.
That said, near-term resistance sits tightly between $0.22–$0.25, where prior supply zones remain heavy. A failed breakout could see a temporary pullback toward $0.18, where traders are likely to reaccumulate.
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