Hedera HBAR Gains Momentum as Institutional ETF Accumulates 380M Tokens
Hedera Hashgraph's HBAR token is gaining traction as institutional interest surges. The Canary ETF (HBR) now holds over 380 million tokens, valued at approximately $66 million, marking one of the largest institutional positions in Hedera to date. This accumulation underscores growing confidence in the token's ecosystem, driven by its scalability and energy-efficient design.
Market analysts note bullish momentum as HBAR trades at $0.17, with expectations of further upside. The ETF's near-complete allocation toward HBAR reflects a focused strategy on assets backed by enterprise adoption and blockchain utility. Institutional participation is rising, signaling broader market stability and network expansion.