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HBAR Declines 4% Following ETF Debut as Initial Euphoria Fades
Yahoo Finance·2025-10-31 01:13

Hedera’s native token, HBAR, fell 3.25% to 0.1925overthe24−hourperiodendingOctober30,despitethelaunchofitsfirstU.S.−listedexchange−tradedfund.ThesellofffollowedCanaryCapital’sspotHBARETFdebutontheNasdaq,amilestonefornon−Bitcoindigitalassets.Thetokeninitiallyralliedmorethan250.1925 over the 24-hour period ending October 30, despite the launch of its first U.S.-listed exchange-traded fund. The selloff followed Canary Capital’s spot HBAR ETF debut on the Nasdaq, a milestone for non-Bitcoin digital assets. The token initially rallied more than 25% after the announcement, but enthusiasm quickly faded as profit-taking set in. The ETF, trading under the ticker HBR, recorded about 8 million in first-day volume, underscoring solid institu ...