HBAR ETF Launch Sparks $8 Million Inflows as Market Momentum Builds

Hedera Hashgraph is once again in the spotlight following the successful debut of Canary Capital Group’s coin ETF on Nasdaq.

The launch, which recorded $8 million in inflows on its first trading day, has ignited discussions across the crypto and traditional finance sectors about the growing appetite for blockchain-based exchange-traded funds and the institutional validation of digital assets like the asset.

Canary Capital’s HBAR ETF Debut With $8 Million Inflows

In a detailed post shared on X, analyst Eric Balchunas and AllinCrypto highlighted the strong market response to Canary Capital Group’s new coin ETF (ticker: HBR). The product attracted approximately $8 million in inflows on its first trading session, signaling robust institutional and retail demand for regulated exposure to Hedera’s ecosystem. This milestone underscores the rising confidence in blockchain-oriented ETFs amid tightening regulatory frameworks.

Source: X

The ETF’s debut, however, was accompanied by noticeable volatility. Data from the first trading session shows that HBR opened at $28.265 before fluctuating sharply within the session, touching a low of $27.169 and closing without significant recovery. Over 307,000 shares exchanged hands, revealing strong participation but also short-term uncertainty, as traders reacted to profit-taking and speculative positioning typical of new ETF launches.

Price Declines 11% Amid Volatility

According to BraveNewCoin data, Hedera is trading at $0.19, down 11.26% in the past 24 hours. The network’s market capitalization stands at $8.26 billion, supported by a 24-hour trading volume of $692.17 million and a circulating supply of 42.47 billion tokens. The token currently holds the #28 global ranking by market capitalization.

Source: BraveNewCoin

The recent decline reflects short-term volatility rather than a structural breakdown, as broader market uncertainty and ETF-related activity influence price dynamics. The trading range between $0.18 and $0.20 demonstrates that buyers continue to provide liquidity at lower levels, maintaining the token’s market strength despite corrections.

Technical Outlook Points to Strengthening Momentum

At the time of writing, TradingView data places HBAR’s market cap at $8.45 billion, showing a 2.28% daily increase as the asset rebounds from early October lows near $3.61 billion. The daily chart illustrates a solid recovery above the $8 billion threshold, driven by a sequence of green candlesticks and expanding trading volumes. This resurgence suggests that buyers are regaining control after an extended consolidation phase.

Source: TradingView

Momentum indicators present an increasingly bullish picture. The Relative Strength Index (RSI) has climbed to 56.30, surpassing its moving average at 41.02, indicating a shift from oversold to strengthening bullish momentum. The MACD histogram, currently at 199.58 million, shows widening positive bars, while the MACD line has crossed above its signal, an encouraging sign of sustained buying pressure.