- HBAR ETFs are also waiting for their moment
- Although HBAR has experienced a decline, just like the rest of the crypto market
- HBAR has exceptional technical potential as a DAG-based system
- Canary Capital has filed an application with the SEC for its HBAR ETF
- Nasdaq has also filed an application with the SEC for its HBAR ETF
HBAR is steadily gaining popularity and securing its position in the crypto industry. Despite market volatility and the dominance of more prioritized contenders for infrastructure tokens like Solana and Cardano, HBAR continues its impressive fight for relevance and growth.
How Is HBAR Progressing, and Why Is It Important?
First and foremost, it is essential to note that while HBAR is part of the blockchain industry, it is not a blockchain itself. Hedera is a hybrid network primarily based on DAG (Directed Acyclic Graphs), which is a type of DLT (Distributed Ledger Technology) –– an umbrella term that includes blockchain, DAG, and other distributed solutions.
This is a fundamental distinction that deserves a separate in-depth analysis, which we will certainly provide shortly—so stay tuned. But in general, DAG operates with a parallel structure, inherently allowing parallel processing and significantly lower maintenance costs while maintaining decentralization and other blockchain-related advantages.
Strategically, this could disrupt the industry if blockchain technology reaches its limitations and L2 solutions are no longer sufficient to overcome them. However, it is not guaranteed that this will necessarily happen.
This might be one of the reasons why major technology companies have invested in Hedera, including industry giants such as Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS, Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
This gives us additional reasons to follow HBAR and its progress closely, and there is much to discuss. Currently, HBAR ranks 21st among cryptocurrencies, according to Coingecko, with a market capitalization of $8.15 billion, despite its recent sharp drop from $0.36 to $0.19.
Yes, this is a significant decline, especially considering that its recent peak did not surpass its all-time high of $0.50 in 2021. However, on the other hand, the entire crypto market is experiencing similar dips, and HBAR has not fallen back to its previous lows of $0.05. You can check detailed HBAR daily analytics here, but it’s important to highlight a long-term perspective.
Why Do ETFs Matter for HBAR?
Over the past year, a key indicator of whether a cryptocurrency is worth paying close attention to has been whether major funds are filing for ETFs.
We first saw this with Bitcoin, which was expected—after all, it was unlikely that any crypto ETF would launch without Bitcoin being the first.
Then we saw Ethereum ETFs, which made it clear that institutional investors were expanding their focus. They were starting to identify the most promising crypto assets and offer financial instruments for them. Naturally, we then saw filings for SOL and XRP, which were expected due to their popularity, market capitalization, and other factors.
But the next question became: What criteria will determine the expansion of ETFs beyond the largest assets? HBAR seems to provide some insight into this. Canary Capital has applied for Hedera ETF.
Moreover, Nasdaq has applied to the SEC to list an exchange-traded fund (ETF) specifically for Hedera’s native token, which speaks volumes about how significant this development is.
Conclusion
How exactly will institutional players and ETFs impact HBAR’s price if they receive approval? That remains an open question—ETFs do not guarantee linear price growth, as we have already observed.
However, this development signals clear priorities. It confirms that major institutions consider not just market data but also the underlying technology and its long-term potential—and that is an important factor to watch.
Be aware and stay tuned for updates on the rapidly evolving regulations, crypto, and technology landscape.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
