Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
HBAR ETF Gets Green Light, But Convincing Altcoin Doubters Remains Challenging

HBAR ETF Gets Green Light, But Convincing Altcoin Doubters Remains Challenging

Bitget-RWA2025/10/29 23:24
By: Bitget-RWA
- Hedera's HBAR token dropped 6% post-ETF approval, contrasting with Solana's $56M debut volume. - The $8M HBAR ETF launch highlights altcoin market skepticism despite regulatory progress and institutional backing. - Technical indicators like death cross and declining on-chain metrics signal bearish momentum for HBAR. - Analysts note ETFs provide regulated institutional access, though broader crypto volatility and SEC delays dampen immediate adoption. - Hedera's enterprise partnerships and USDC growth on i

Hashgraph's own cryptocurrency dropped by 6% within a day on October 28, 2025, even though the first U.S. spot exchange-traded fund (ETF) for HBAR was introduced—a milestone highlighted in the . The Canary HBAR ETF, which began trading on Nasdaq, saw limited initial interest, with only $8 million in trading volume on its first day. This was a sharp difference from the $56 million seen by the ETF during the same period, according to . The subdued market reaction reflects persistent doubts in the altcoin sector, even as regulatory progress like the SEC's approval of the HBAR ETF points to increasing institutional involvement, as reported by Yahoo.

The ETF's debut was a significant event for Hedera, which boasts a governing council featuring Fortune 500 companies such as IBM and Boeing, as detailed in the . Gregg Bell, Hedera’s chief business officer, described the ETF’s approval as a “watershed moment,” highlighting the network’s focus on enterprise tokenization and sustainability, according to Yahoo. However, HBAR’s market performance painted a different picture. Technical signals, including a death cross and weakening on-chain data, pointed to a bearish trend. The token’s value fell from $0.2096 to $0.191, wiping out gains made before the ETF announcement, as noted in a .

HBAR ETF Gets Green Light, But Convincing Altcoin Doubters Remains Challenging image 0

Market experts remain cautiously hopeful, according to a . Bloomberg’s Eric Balchunas pointed out that although HBAR’s ETF launch lagged behind Solana’s, it still offers a regulated entry point for institutional investors—something that could encourage long-term growth, as TradingView reported. On the other hand, some critics highlight broader market challenges. The ETF’s quiet rollout happened alongside a general downturn in altcoins, with Litecoin’s ETF seeing just $1 million in trades, as the Canary ETF report indicated. “Investors are adopting a wait-and-see stance,” one strategist explained, referencing continued volatility due to SEC regulatory delays and wider economic uncertainty, as mentioned in the Canary article.

Nonetheless, Hedera’s core strengths remain attractive. Its hashgraph consensus technology and alliances with leading corporations have made it a prominent player in enterprise blockchain. Furthermore, the rapid uptake of USDC on Hedera—exceeding $172 million in circulation—has enhanced liquidity, according to the Bitget explainer. Analysts from RBC Capital and Piper Sandler have increased their price forecasts for HBAR, anticipating a recovery as institutional interest steadies.

Although short-term challenges persist, the approval of the HBAR ETF signals a larger movement: regulated investment in altcoins is gaining momentum. With seven XRP ETF proposals awaiting decisions and more altcoin ETFs expected, early participants in the market could benefit. For now, HBAR’s future remains unclear, as it navigates technical pressures and its strategic role in the changing crypto landscape.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Today: Investors Abandon Bitcoin ETFs in Favor of Solana's Attractive Staking Returns

- Bitcoin ETFs saw $488M outflows led by BlackRock's IBIT , while Solana ETFs gained $44.48M as investors rotated into staking yields. - Coinbase reported $1.9B Q3 revenue driven by trading volumes and expanded staking services, contrasting ETF volatility. - Zynk secured $5M seed funding to develop stablecoin-based cross-border payment infrastructure, targeting USD/EUR/AED corridors. - Analyst Peter Brandt warned Bitcoin could test $60K support, but IBIT's $88B AUM suggests long-term ETF demand remains str

Bitget-RWA2025/11/04 14:40
Ferrari's 499P Token: Enhancing Customer Loyalty in the Digital Era

- Ferrari launches Token 499P NFT with fintech Conio, targeting Hyperclub members for auction bids and exclusivity. - Q3 2025 results show €382M net income and €670M EBITDA, surpassing forecasts amid strong high-end model demand. - Strategy emphasizes loyalty through digital assets, with EU regulatory approval pending for the limited-edition token. - Project combines heritage with innovation, reflecting Ferrari's resilience after September market skepticism and regained investor confidence.

Bitget-RWA2025/11/04 14:40
Noomez's Presale: Creating Rarity to Survive Meme Coin Volatility

- Noomez ($NNZ) launches 28-stage presale with fixed pricing and liquidity locks to mitigate meme coin risks. - 15% liquidity locks and third-party audits enhance trust, while real-time on-chain tracking ensures transparency. - Stage-based airdrops and referral bonuses incentivize participation, aligning with 2025 crypto trends. - Despite volatility concerns, structured deflationary design aims to sustain value, with 50% supply allocated to presale success.

Bitget-RWA2025/11/04 14:40

Trending news

More
1
Solana News Today: Investors Abandon Bitcoin ETFs in Favor of Solana's Attractive Staking Returns
2
Ferrari's 499P Token: Enhancing Customer Loyalty in the Digital Era

Crypto prices

More
Bitcoin
Bitcoin
BTC
$104,444.91
-3.24%
Ethereum
Ethereum
ETH
$3,556.23
-4.60%
Tether USDt
Tether USDt
USDT
$0.9997
-0.01%
XRP
XRP
XRP
$2.3
-4.87%
BNB
BNB
BNB
$961.35
-5.80%
Solana
Solana
SOL
$163.95
-6.84%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.2829
-3.38%
Dogecoin
Dogecoin
DOGE
$0.1669
-4.62%
Cardano
Cardano
ADA
$0.5484
-4.78%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter