Every crypto cycle has that one story — a project everyone gives up on, only to make a stunning comeback. For this cycle, that project might just be Hedera ($HBAR).

With the U.S. government shutdown now resolved, the Securities and Exchange Commission (SEC) can once again move forward with pending ETF approvals.

Hedera ($HBAR) was part of the second wave of ETF approvals following Bitcoin and Ethereum. Canary Capital used a special fast-track process to launch the Canary $HBARETF, even during the shutdown. The filing automatically became effective after 20 days, avoiding long SEC review delays, and met the required standards despite limited staffing at the agency.

Related:XRP ETF Launch From Canary to Trigger Billions In Demand As Exchange Supply Stays Thin

$HBARETF Gains Traction

The Canary $HBARETF has already made headlines. On November 6, it recorded six consecutive days of inflows, reaching 387.4 million $HBARunder management, valued at around $68 million.

In addition to this, 12 more ETF filings now reference $HBAR, and WisdomTree recently applied for a CoinDesk 20 Fund ETF that also includes the token. Altogether, there are now 13 $HBAR-related ETF filings, with one already trading live.

Canary Capital’s $HBARETF Still holding over 387M!

0.77.47% of max hbar supply!

Selling at slight discount to NAV https://t.co/koe2t5HKA6 pic.twitter.com/npbBanQf71

— $HBARHub ? (@$HBAR_Hub) November 12, 2025

Many see this as a long-term positive for Hedera’s visibility and adoption within traditional finance.

Has the Rally Peaked?

While the chatter around the ETF launch boosted sentiment, some are questioning whether $HBAR’s rally has already peaked.

In early November 2024, $HBARtraded near $0.04, then surged to nearly $0.37 within a month, an eightfold jump. It later peaked at $0.375 in mid-January before cooling down. Despite this impressive run, the all-time high of $0.57 from four years ago remains untouched.

Currently, $HBARtrades near $0.17, with a market cap of $7.8 billion and about 84% of tokens in circulation.

What’s Next for $HBARPrice?

Technical outlooks point to mixed signals. $HBARcould revisit lower levels near $0.13–$0.15. On the flip side, it may stabilize between $0.25–$0.30 if ETF inflows and institutional activity continue to build.

If buying interest grows, a push toward $0.35–$0.40 remains possible in the near term. However, much depends on broader market sentiment and the direction of U.S. monetary policy as quantitative tightening winds down.

Related: Grayscale Launches Options Trading for its Solana ETF: Will SOL Price React?

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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