- Hedera's HBAR price surged 9% to $0.23 on Monday amid Nasdaq's ETF filing with the SEC
- Canary Capital’s HBAR ETF S-1 registration (submitted November 2024) remains under SEC review
- HBAR trading volume hit a 20-day peak of $377.4M during US trading hours
Hedera (HBAR) rallied to $0.23 on Monday, fueled by Nasdaq’s application to list Canary Capital’s HBAR ETF. With rising demand, how much higher can HBAR climb before facing resistance?
Hedera (HBAR) Rally Gains Momentum as Nasdaq Moves to List HBAR ETF
Hedera Hashgraph’s Layer-1 network defied broader crypto market downtrends on Monday as traders reacted to developments in HBAR’s ETF prospects.
While Ripple (XRP) and Litecoin (LTC) have attracted institutional interest, HBAR now appears poised to join their ranks. Nasdaq—the world’s second-largest stock exchange—filed to list a spot HBAR ETF, pending approval of Canary Capital’s pending application currently under SEC review.
Analysts suggest Nasdaq’s filing signals growing likelihood of altcoin ETF approvals.
"Canary just submitted their 19b-4 for the HBAR ETF. This follows their amended S-1 last week (meaning the SEC provided comments, putting HBAR and Litecoin ahead in the current altcoin ETF race)."
— Eric Balchunas, Bloomberg Senior ETF Analyst
HBAR’s price spiked 9% post-announcement before settling at a 1% gain by the US market close. Trading volume peaked at $377.4M, suggesting potential for further upside despite cautious sentiment following recent market events.
👉 Explore real-time HBAR price trends
Why Nasdaq’s Filing Could Fuel Further HBAR Gains
Nasdaq’s move injects fresh momentum into Hedera’s price action. The exchange submitted a 19b-4 form to the SEC, seeking approval to list shares of Canary’s ETF, which would track HBAR’s spot price.
This follows Canary’s October 2024 HBAR Trust launch and November S-1 filing—now under SEC review. The proposal highlights growing institutional demand for digital asset investment vehicles.
Canary Capital’s LTCC (Litecoin ETF) is already listed with DTCC, a critical step toward trading. Analysts expect HBAR to follow a similar trajectory if approved.
"As one of the most transaction-heavy networks, Hedera exemplifies enterprise-grade tech at the intersection of crypto and real-world scalability."
— Steven McClurg, CEO of Canary Capital
Canary’s ambitions extend beyond HBAR and LTC, with pending applications for XRP and Solana ETFs—signaling confidence in broader institutional adoption.
👉 Stay updated on ETF approvals
HBAR Price Prediction: Breaking $0.25 Could Accelerate Bullish Momentum
Hedera’s technical outlook remains cautiously bullish:
- Key Resistance: $0.2419 (upper Bollinger Band)
- Support Level: $0.2059 (lower Bollinger Band)
Indicators:
- MACD histogram shows weakening bearish momentum.
- Bollinger Band squeeze suggests volatility buildup ahead of a potential breakout.
A sustained push above $0.25 could trigger accelerated gains, while failure to hold momentum may retest support near $0.20.
FAQ: HBAR ETF and Price Outlook
Q: When will the SEC decide on Canary’s HBAR ETF?
A: No fixed timeline, but analysts expect a decision within 6–12 months of the S-1 submission (November 2024).
Q: How does Nasdaq’s filing impact HBAR’s price?
A: Institutional interest typically boosts liquidity and long-term price stability.
Q: What’s HBAR’s all-time high?
A: $0.57 (September 2021). Current prices are ~60% below peak levels.
Q: Which exchanges list HBAR?
A: Binance, Coinbase, OKX, and Kraken, among others.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.