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HBAR Rallies 26% as Canary Capital’s Spot ETF Launches on NYSE
October 28, 2025

Hedera’s HBAR token surged more than 25% on Tuesday as the Canary Capital HBAR ETF (HBR) began trading on the New York Stock Exchange, supported by institutional custodians BitGo and Coinbase Custody.

The token climbed from $0.1775 to $0.2052, with trading volumes soaring 182% above the daily average, following the ETF’s debut — a milestone that brings regulated exposure to Hedera alongside bitcoin and ether. CoinDesk Indices provides the official pricing benchmark for the fund.

HBAR broke through key resistance at $0.2060 shortly after the market open, triggering a wave of momentum buying. The price held near the $0.2000 psychological level, suggesting strong accumulation through the European trading session.

Late in the day, however, HBAR retreated from intraday highs of $0.209, slipping below $0.206 amid increased selling pressure. Analysts attributed the pullback to profit-taking by institutional traders, with volumes indicating short-term exhaustion following the sharp rally.

A sustained defense of the $0.2000 support zone is now viewed as critical to maintaining the token’s bullish momentum.