The first U.S. spot exchange-traded fund (ETF) for Hedera (HBAR) recorded $2.2 million in net inflows on Oct. 29, its second trading day, after a flat debut that saw no inflows and $8.6 million in trading activity. Despite the modest pickup, the Hedera ETF still trails Solana and Litecoin funds by a wide margin. The SOL and LTC funds were launched on the same day as the HBAR ETF.
ETF Registers Modest Uptick After Quiet Launch
Canary Capital Hedera Spot ETF ended day two with $6.97 million in trading volume and $3.3 million in total net assets, up from $1.09 million a day earlier. The ETF’s initial stagnation shows a cautious approach from institutional traders, though the second-day inflow signaled early accumulation from smaller investors.
For comparison, the Bitwise Solana ETF (BSOL) posted $47.9 million in daily inflows and $79.5 million in trading volume on the same date, bringing cumulative inflows to $117.4 million. The Canary Litecoin ETF (LTCC) also logged positive flows, attracting $485,000 in new capital with $1.5 million in turnover.
Hedera’s $2.2 million figure therefore places it behind both peers in institutional engagement despite strong token-level activity.
HBAR Consolidates After 22% Weekly Rally
The HBAR token traded around $0.20 today on Oct. 30, steady after climbing 22% earlier in the week on news of the ETF launch. Its market capitalization stands near $9 billion, up 17% over seven days and more than 300% year-over-year, outperforming most mid-cap digital assets.
Spot trading volume across centralized exchanges exceeded $750 million, showing that retail traders remain the primary source of market liquidity even as institutional participation begins to form. Additionally, HBAR saw $5.11 million in net outflows from centralized exchanges on Oct. 30.
The trend follows a large spike in spot and futures trading volume earlier in the week after the ETF announcement, suggesting that some short-term profit-taking occurred while long-term holders remained steady.
Additionally, Kraken listed HBAR/USD margin trading on Oct. 29 with leverage support, widening institutional access to the asset.
The update arrived just one day after the ETF listing, signaling coordinated efforts to integrate Hedera into regulated and leveraged trading environments.
Technical Structure Points to Breakout Attempt
Daily chart shows the token testing a descending trendline that has capped rallies since July. HBAR’s price has now reclaimed all major exponential moving averages (20, 50, 100, and 200-day), with the 100-day EMA ($0.206) acting as immediate support.
If buyers sustain momentum above $0.21, HBAR price could target the $0.23–$0.25 resistance zone seen in August.
Conversely, a dip below $0.19 would expose downside risk toward $0.16.
The Relative Strength Index (RSI) at 60.1 indicates moderate bullish strength without entering overbought territory, signaling room for continuation if ETF-driven sentiment persists.