Institutional Bets Drive HBAR Higher Amid ETF Developments

Hedera's token HBAR saw gains from $0.237 to $0.245 during September 11-12, reflecting increased institutional interest due to developments around potential exchange-traded products.

Key drivers included:

Grayscale Investments' plans for an HBAR trust.
The Depository Trust and Clearing Corporation (DTCC) filing a Canary HBAR ETF in its regulatory database, alongside similar filings for Solana and XRP.

Market reactions involved:

Profit-taking at technical resistance of $0.245.
$0.240 acted as institutional support, with late-session volume spikes exceeding 17 million tokens.
Analysts noted potential for testing the $0.25 threshold if momentum continues.

Challenges remain, as DTCC filings are preliminary and not equivalent to SEC approval. Regulators focus on market manipulation risks and investor protection, leaving HBAR-based ETF timelines uncertain. However, these developments have increased institutional interest in Hedera amid regulatory uncertainties.

HBAR/USD (TradingView)

Market Data Insights

4.24% volatility within a $0.012 range between session highs and lows.
Main upward movement occurred overnight, peaking near $0.245.
Breakout periods saw average volumes of 54.7 million, surpassing the 24-hour average of 50.1 million.
$0.240 showed strong institutional support with defensive trading.
Selling pressure intensified near $0.245, indicating coordinated profit-taking.
A late-session volume surge of 17.08 million led to systematic selling and price consolidation.