HBAR (Hedera) rose 4.83% in the last 24 hours.

Gate News Bot news, on October 28, according to CoinMarketCap, as of the time of writing, HBAR (Hedera) is currently priced at 0.19 USD, with a rise of 4.83% within 24 hours, reaching a high of 0.19 USD and a low of 0.16 USD. The current market capitalization is approximately 8.065 billion USD, an increase of 371 million USD compared to yesterday. HBAR currently ranks 19th in the Crypto Assets market capitalization leaderboard.

Important news about HBAR recently:

1️⃣ Canary Capital plans to launch HBAR ETF Canary Capital has submitted Form 8-A to the U.S. Securities and Exchange Commission (SEC) to register securities for the HBAR ETF. The ETF is set to list on Nasdaq this Tuesday. This marks HBAR's imminent entry into the traditional financial market, which is expected to attract more institutional investors' attention.

2️⃣ Multiple institutions are simultaneously advancing Crypto Assets ETFs In addition to HBAR, Canary Capital is also promoting the listing plan for the Litecoin ETF. Meanwhile, Bitwise has submitted similar registration documents for Solana. The simultaneous advancement of multiple Crypto Assets ETFs reflects the traditional financial market's continued attention to digital assets, which may boost overall market sentiment.

3️⃣ HBAR's market performance is strong Under the stimulation of ETF news, HBAR rose by 4.83% within 24 hours, with a market capitalization increase of $371 million, demonstrating strong market performance. This rise keeps HBAR in the 19th position on the Crypto Assets market capitalization leaderboard, showing investors' confidence in its future development prospects.

From a technical perspective, HBAR has broken through the $0.19 mark, indicating rising momentum. However, investors still need to closely monitor the market reaction after the actual listing of the ETF, as well as the overall trends in the Crypto Assets market, and cautiously assess potential risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.