Crypto Media Style (CoinDesk/The Block Tone)
Hedera’s HBAR Soars 26% as Spot ETF Launches on NYSE
October 28, 2025
Hedera (HBAR) jumped past $0.20 on Tuesday after Canary Capital’s HBAR ETF (HBR) went live on the New York Stock Exchange, securing institutional custody support from BitGo and Coinbase.
The token rallied 25.7% in 24 hours, moving from $0.1775 to $0.2052 as trading volume spiked 182% above its daily average. The launch follows recent SEC approval, marking a major step in bringing institutional-grade access to Hedera’s ecosystem. CoinDesk Indices supplies the ETF’s pricing data.
HBAR’s breakout began around 06:00 UTC, when the token cleared $0.2060 resistance, extending gains through the European session with buyers defending the $0.2000 zone.
By late trading, momentum began to fade as HBAR fell from $0.209 to $0.205, a move driven by institutional profit-taking following the ETF-driven spike. Analysts said the pullback could signal short-term consolidation, with $0.200 now serving as key support for maintaining bullish structure.
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