- The worth of Hedera (HBAR) surged on November 12, hitting a excessive close to $0.07 – the best stage since July.
The Hedera token has risen by greater than 20% within the final 24 hours, reaching a excessive close to $0.07. The cryptocurrency thus reached its highest value stage since July and stood out among the many largest positive aspects.
The positive aspects for HBAR got here as cryptocurrency holders reacted positively to Heder's newest information.
Particularly, the altcoin surged after Canary Capital Group filed for an exchange-traded fund itemizing for HBAR.
Canary recordsdata for HBAR ETFs
The proposal to listing and commerce shares of the Canary HBAR ETF comes at a time of elevated pleasure throughout the crypto market. With the SEC's approval of spot bitcoin and ethereum ETFs, which have generated vital curiosity and demand from institutional buyers, it’s anticipated that extra crypto property could possibly be poised for the same trajectory.
Canary Capital is among the many issuers concentrating on this potential inflow of funding cash. Because the market has seen requests for spot ETFs for Solana, Litecoin and XRP in current months, the addition of Hedera to the listing has generated pleasure for the HBAR neighborhood.
The HBAR ETF submitting comes weeks after Canary launched its HBAR Belief.
Donald Trump's historic victory within the US election and the pro-crypto stance he confirmed throughout the marketing campaign has the cryptocurrency in an optimistic temper.
Because the trade contemplates the optimistic regulatory atmosphere that the Trump administration will provide, the approval of extra crypto funding autos is anticipated to be extremely doubtless. Moreso, the possibilities of SOL, LTC, XRP or HBAR ETF approval will improve considerably if present SEC Chairman Gary Gensler leaves the company.
Trump has pledged to fireplace the SEC chairman after he takes workplace in January 2025.
