• Hedera joins Bitcoin and Ethereum as a crypto with a U.S.-listed and regulated spot ETF.
• HBAR surges over 10% as volume jumps 328%, testing resistance near $0.21 amid strong demand.
• New ETF rules enable faster listings for altcoins like Hedera, Solana, and Litecoin boosting institutional access.

The launch of the Canary Capital Hedera ETF (Ticker: HBR) on the New York Stock Exchange (NYSE) triggered a sharp rally in Hedera’s native cryptocurrency, HBAR. 

The token surged 25.7%, rising from a low of $0.1775 to an intraday high of $0.2191 before stabilizing near $0.1980. According to CoinMarketCap, the rally was accompanied by a more than 328% increase in 24-hour trading volume, reaching $1.12 billion.

According to the Hedera Foundation, the Canary Capital HBAR ETF is the third cryptocurrency spot ETF, following the Bitcoin and Ethereum ETFs. The ETF provides institutional investors with regulated access to Hedera’s network, featuring custody services from BitGo and Coinbase Custody, and pricing based on the CoinDesk Indices.

Hedera Expands Institutional Access With ETF Approval

Despite the ongoing U.S. government shutdown, the SEC’s newly announced “generic listing standards,” launched in mid-September, allowed for approval of the HBAR ETF. These rules enable exchanges such as the NYSE to make ETFs available for trading without having to individually review each product, thereby facilitating institutional access to digital assets.

In addition, the Foundation stated that the network’s regulatory design from inception made it “ready for institutional-grade adoption.” The Foundation emphasized its commitment to compliance and enterprise reliability, noting that the ETF approval validates years of development aimed at attracting traditional financial players.

In a tweet on X, the Foundation noted that, in addition to the Canary Capital ETF, there are 12 other ETF filings citing HBAR from issuers including Grayscale, ProShares, 21Shares, and T. Rowe Price. All of these developments position Hedera as a leading blockchain for institutional involvement in the altcoin ETF space.

Technical Analysis and Market Performance for HBAR Key Levels

Data from TradingView indicates that there was strong buying momentum, which pushed the price up from near $0.186, followed by a sharp breakout through the $0.206 resistance level. HBAR peaked intraday at $0.2191, but later stabilized above $0.197 as profit-taking developed during the afternoon sessions.

At the time of writing, Key support levels are at $0.2000 and $0.1950, while resistance zones continue between $0.2060 and $0.2192. 

If HBAR holds above $0.200, a bullish continuation is possible, with the $0.210-$0.219 range likely to be retested. But if these levels are not defended, a correction to $0.190-$0.183 could be expected.

Also Read | Hedera Price Prediction: Can ETF Momentum Push HBAR Toward $0.3250?

Regulatory Shift Drives Altcoin ETF Momentum

Along with HBAR ETF, the NYSE also listed spot ETFs for Solana (SOL) and Litecoin (LTC), which was the first multi-asset ETF launch under the new regulatory framework. According to ETF analyst Eric Balchunas, this indicates that, despite the regulatory slowdown, exchanges can move forward with compliant crypto ETFs, which signals a more widespread acceptance for the market.

In addition, Eric Balchunas reported first-day trading volumes of $56 million for BSOL, $8 million for HBR, and $1 million for LTCC, noting how accurately he had predicted the results.

The approval of the Hedera ETF has met expectations for institutional diversification into alternative blockchain models, beyond Bitcoin and Ethereum. Figures like Anthony Scaramucci, founder of SkyBridge Capital, have called the approval of the Hedera ETF “inevitable.”

Also Read | Solana Eyes $210 Milestone Following Bitwise Staking ETF Launch