Key Takeaways
Hedera is gaining serious institutional attention as both Grayscale and Canary file for spot ETFs. With bullish projections and steady derivatives, HBAR could be ready for its biggest breakout yet.
Hedera [HBAR] just landed a big win — institutions are lining up with ETF filings, giving the token an air of legitimacy it’s never really had before.
For years, HBAR has been seen as a speculative play, overshadowed by bigger names like Bitcoin [BTC] and Ethereum [ETH]. Now, with ETFs in the mix, could HBAR move from the sidelines to become a real contender?
And the bigger question: Does this translate into an actual price rally?
Hedera steps into the ETF race
Recent Bloomberg Terminal data has confirmed that Grayscale and Canary have both filed for spot HBAR ETFs.
The SEC has set the final decision date for the 11th of November, and approval odds are already pegged at around 90%.
That puts HBAR in the same conversation as Ripple’s XRP [XRP], Cardano [ADA], and Polkadot [DOT]; all awaiting their own ETF rulings before year-end.
If greenlit, this move could transform HBAR from a speculative token into an institutional-grade asset.
Bulls eye a breakout
HBAR’s recent move off its $0.21 base has caused optimism among traders, with early signs of recovery. The RSI climbed closer to neutral, while the MACD hinted at a possible shift in momentum.
Javon Marks shared a bullish outlook in an X post, noting that Hedera could be lining up for a 123% rally toward the $0.504 mark.
A breakout above that level, he added, could even open the path to the psychological $1 zone.
While this projection may sound ambitious, the charts suggest that HBAR is slowly building strength. If buying pressure holds, the next big move might not be far away.
Derivatives data shows caution
HBAR’s derivatives market has started to show a more constructive tone.
Open Interest climbed back to around $155 million; renewed activity from traders.
At the same time, Funding Rates stayed positive at 0.0121, indicating that most market participants continue to lean long rather than short.
Traders are willing to bet on further upside, but without the kind of overheated leverage that usually precedes sharp corrections.
If momentum in spot markets aligns with these steady derivatives flows, HBAR could find the fuel it needs for a stronger push.