- Hedera (HBAR) has surged significantly following confirmation of its ETF launch.
- HBAR rose 11.1% in 24 hours and over 320% since October 2024, despite a recent monthly decline.
- Bloomberg analyst Eric Balchunas confirmed the Canary Hedera ETF will debut on October 28, 2025.
- HBAR’s rally contrasts with Bitcoin’s recent 1.7% price drop over 24 hours.
- Future price sustainability remains uncertain amid broader market volatility and potential corrections.
Hedera (HBAR) is experiencing a notable price increase after confirmation that Canary’s Hedera ETF will launch on October 28, 2025. This development triggered HBAR’s rally, even as the wider cryptocurrency market faces a correction.
According to CoinGecko data, HBAR gained 11.1% in the last 24 hours, 18.4% over the past week, 7.3% over 14 days, and has risen 324.5% since October 2024. However, the token is still down 3.6% compared to the previous month. Meanwhile, Bitcoin (BTC) dropped 1.7% in the same 24-hour period, trading near $113,000.
Bloomberg ETF analyst Eric Balchunas announced on X (formerly Twitter) that the Canary Hedera ETF’s debut is scheduled for October 28, 2025. Balchunas also noted upcoming launches for Bitwise Solana and Canary Litecoin ETFs, highlighting growth in institutional crypto investment products.
While the ETF launch is generating optimism, market analysts warn the rally might not be sustainable. The crypto market remains volatile and vulnerable to corrections, potentially impacting HBAR’s price soon.
Analysts from CoinCodex offer a positive outlook for HBAR, projecting it could reach $0.36 by December 12, 2025. Such a price increase would represent approximately an 80% gain from current levels.
Overall, the potential influx of ETF investments could support HBAR’s price in coming days. However, external factors like trade tensions and economic uncertainty continue to influence the market’s direction, leaving the future of the rally uncertain.
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