HBAR ETF demand collapsed intermittently after a strong debut, leaving the token trading near $0.11–$0.12 and at risk of sinking below $0.10. The Canary HBAR spot ETF launched on Nasdaq on October 28, 2025, drew large initial inflows but saw multi-day lapses in demand amid broader crypto outflows and Bitcoin weakness.
The Canary HBAR ETF (ticker HBR) registered a robust opening week, collecting $44 million in net inflows and pushing HBAR up to roughly $0.21 on launch day. That initial institutional interest contrasted sharply with a late-November episode when the ETF saw zero inflows for three consecutive days, a development that heightened selling pressure and undermined momentum.
Flows have not entirely dried up: the ETF recorded an inflow of $762,000 on December 18th, indicating episodic institutional participation rather than steady accumulation. Coinbase reinstated HBAR into an ETF-linked index on November 27, an event that briefly supported trading activity.
HBAR is trading in a compressed band around $0.11–$0.12 and sits on a critical technical fulcrum. Key identified supports include $0.1354 and $0.1740, with immediate intraday support near $0.112; resistance levels are noted at $0.1805, $0.26 and $0.39. Analysts highlight a downside trigger: a break of the $0.1355 support could prompt a cascade leading to an approximate 47% decline and a test of a prior low near $0.07, making a drop below $0.10 a plausible tail risk.
HBAR ETF flows and market reaction
HBAR’s price action remains correlated with Bitcoin. “HBAR price downtrend is tied to Bitcoin as BTC weakness is capping breakouts and pressures support near $0.11,” according to Yahoo Finance reporting. Broader market dynamics amplify HBAR’s vulnerability: recent outflows from Bitcoin and Ethereum ETFs—reported at $952 million and $1.1 billion respectively—have weighed on altcoin liquidity and appetite.
Fundamental drivers present a mixed picture. The Hedera mainnet upgrade to v0.67 on November 12, 2025, introduced node-performance optimizations that aim to support developer activity and cross-chain access. Enterprise engagements cited in market reporting include SWIFT trials and integrations with cloud and interoperability partners, pointing to ongoing efforts to expand adoption.
Protocol-level adjustments such as a planned increase in the cost of the ConsensusSubmitMessage function in January 2026 were flagged as measures to improve network economics. On-chain indicators and episodic whale accumulation have intermittently supported demand, while periodic institutional selling has offset those flows.
HBAR’s near-term trajectory hinges on the stability of ETF inflows and Bitcoin’s market direction; a confirmed break below key technical supports would materially raise the probability of a move under $0.10.
