Hedera HBAR Jumps 5% on Grayscale ETF Filing, Fueling Institutional Momentum

Hedera's HBAR token surged to $0.24, marking a 3.11% gain in 24 hours, following Grayscale's filing to convert its Hedera HBAR Trust into an exchange-traded fund. The move signals growing institutional confidence in the network, mirroring the market impact of Bitcoin and ethereum ETF approvals.

Trading volume spiked to 156.1 million HBAR during the announcement, with technical indicators showing bullish momentum. The MACD histogram confirms a positive crossover, suggesting sustained upward potential despite the SEC extending its review period to November 12, 2025.

Market participants view the regulatory delay as procedural rather than punitive, with HBAR maintaining its price floor at $0.23 since the initial 5% rally on September 11. The filing represents a watershed moment for Hedera's mainstream adoption trajectory.