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- HBAR rose 7% amid market weakness following Bitcoin’s drop.
- The Canary HBAR ETF drew $2.2M in inflows, becoming the third crypto ETF after BTC and ETH.
- A new AI governance solution with NVIDIA and Accenture adds fresh institutional momentum.
While most cryptocurrencies dipped after Bitcoin’s brief fall to $108,000, Hedera’s native token HBAR surged 7%, climbing to $0.2094. The move lifted its market cap to $8.8 billion, supported by an 8.6% jump in daily trading volume to nearly $800 million. This resilience came as the Canary HBAR ETF drew strong inflows—$2.2 million on its second trading day—marking a historic milestone for the network.
Today marks history as HBAR becomes the third ever crypto ETF to launch after Bitcoin and Ethereum.
— Hedera Foundation (@HederaFndn) October 28, 2025
To make this clear, out of the 19M+ cryptocurrency's that @CoinMarketCap tracks, it was the @CanaryFunds HBAR ETF that passed – citing @Hedera’s institutional-grade network 🧵 pic.twitter.com/Rc5U6eX35M
Third Crypto ETF After Bitcoin and Ethereum
The launch of the Canary HBAR ETF on Nasdaq makes Hedera the third cryptocurrency ever to have its own spot ETF, following Bitcoin and Ethereum. Canary Capital also rolled out a Litecoin ETF the same day, though it saw smaller inflows of $485,810.
The Hedera Foundation hailed the event as a breakthrough for institutional adoption, emphasizing that the network’s regulatory-ready design and enterprise-grade infrastructure have positioned it for moments like this.
Institutional Interest and Developer Growth
Beyond the ETF debut, interest in Hedera is expanding across traditional finance. Twelve additional ETFs referencing HBAR are now filed, including those from Grayscale, T. Rowe Price, KraneShares, and ProShares.
Meanwhile, Hedera’s developer community continues to grow rapidly. It recently ranked second only to Ethereum among Layer-1 blockchains for monthly active developers—a clear sign that builders see long-term potential in its scalable and transparent network.
The amount of @Hedera developers hit a new high on the month
— Token Relations 📊 (@Token_Relations) October 29, 2025
This is the most among all layer-1 blockchains, aside from Ethereum pic.twitter.com/qVDBKr7Vsr
AI Governance Partnership Adds New Catalyst
Another driver of HBAR’s rally is its role in the new Verifiable Governance for AI agents, a joint initiative between Hedera, EQTY Lab, Accenture, and NVIDIA. Showcased at NVIDIA’s GTC event in Washington, D.C., the system integrates Hedera’s blockchain with EQTY Lab’s AI Guardian to ensure transparent and compliant AI operations.
Also Read: Canary HBAR ETF Debuts on Nasdaq — Is This the Institutional Catalyst Hedera Needed?
This collaboration allows governments and enterprises to anchor attestations on the Hedera Consensus Service, improving trust and auditability for AI workflows in real time.
The Bottom Line
Hedera’s combination of institutional-grade infrastructure, strong developer traction, and real-world AI integration has set it apart in a volatile market. With the HBAR ETF now trading and major firms lining up for exposure, Hedera is positioning itself as a serious player in the next phase of blockchain adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
