• Hedera (HBAR) worth soared on November twelfth, hitting a excessive of round $0.07, its highest since July.

The Hedera token has risen greater than 20% prior to now 24 hours, hitting a excessive of round $0.07. This took the cryptocurrency to its highest worth degree since July, making it stand out among the many high gainers.

HBAR features got here as crypto holders reacted positively to Hedera’s newest information.

Particularly, altcoins soared after Canary Capital Group filed an software to listing HBAR as an exchange-traded fund.

HBAR ETF Canary File

The proposal to listing and commerce shares of the Canary HBAR ETF comes amid elevated exercise within the general crypto market. The SEC’s approval of Bitcoin and Ethereum spot ETFs has sparked important curiosity and demand from institutional traders, resulting in expectations that extra crypto property may observe an analogous trajectory.

Canary Capital is without doubt one of the issuers focusing on this potential inflow of funding capital. In current months, the market has seen functions for spot ETFs for Solana, Litecoin, and XRP, and the addition of Hedera to the listing has the HBAR neighborhood excited.

The HBAR ETF submitting comes weeks after Canary launched the HBAR Belief.

The cryptocurrency market is in a optimistic temper on account of Donald Trump's historic victory within the U.S. presidential election and his assist for cryptocurrencies in the course of the marketing campaign.

It’s anticipated that extra crypto funding automobiles will possible be accepted because the business contemplates the optimistic regulatory surroundings supplied by the Trump administration. Moreover, if present SEC Chairman Gary Gensler leaves the SEC, the probabilities of approval for the SOL, LTC, XRP, and HBAR ETFs will improve considerably.

President Trump has promised to fireplace him when he takes over as SEC chairman in January 2025.