- Canary Capital’s HBAR ETF is now tradable through Vanguard’s brokerage interface.
- An 11% drop in open interest tied to the Hedera futures contract accentuates withdrawal from leverage trading and reduced speculative force for the price.
- The Hedera coin price witnessed a steady downtrend resonating within the formation of a falling channel pattern.
HBAR, the native cryptocurrency of the Hedera Hashgraph network, records a 9.1% jump during Monday’s U.S. market hours to trade at $0.145. This upswing followed broader market recovery as Bitcoin surged nearly 8% at the end of quantitative tightening from the Federal Reserve. However, the Hedera coin price gained additional momentum as the HBAR ETF went live on Vanguard’s platform.
SEC-Approved HBAR ETF Expands to Vanguard
Canary Capital’s HBAR ETF, ticker HBAR, is now available to trade on Vanguard’s brokerage platform. The fund, which holds actual Hedera HBAR tokens, started rolling out for Vanguard clients starting today and provides traditional investors with a way to get into the market without requiring crypto exchanges or private wallets.
Launched on Nasdaq in early November, after receiving approval from the Securities and Exchange Commission (SEC), the ETF already had $59 million in assets as of late November, with cumulative inflows reaching more than $80 million. Custody is provided by U.S. Bank, and pricing is based on a benchmark derived from major trading venues for HBAR.
Hedera employs hashgraph consensus, not traditional blockchain, which allows it to have faster transaction speeds and lower energy consumption. HBAR is the network’s fee and staking token.
Following the announcement of the Vanguard listing, the spot price of HBAR went up about 9.1% to nearly $0.145. Consequently, Hedera’s market capitalization reached $6.13 billion.
The integration is another step for regulated crypto products to enter the mainstream brokerages that control over $9 trillion in assets. Canary Capital is also operating similar spot ETFs for XRP and Litecoin, with the same physical token backing and authorized participant creation/redemption structure.
However, the news failed to drive a surge in open interest tied to the HBAR futures contract, signaling a cautious approach from derivative traders. According to Coinglass data, the OI value plunged from $131.9 million to $116.5 million currently, registering an 11% drop in the last 24 hours.
Also Read: Bitcoin Struggles at $86K, Institutions Still Hold BTC
Hedera Price Sparks Fresh Recovery In Daily Chart
On December 2nd, the Hedera coin price showed a bullish rebound from $0.1332 to $0.145, registering a 9.24% jump. This surge created a fresh higher-low formation in HBAR’s daily chart, accentuating an initial change in market sentiment. The momentum indicator RSI is back in the 45% region, reinforcing the renewed recovery momentum in price.
With sustained buying, the coin price could jump another 11% and challenge the resistance trendline of a long-coming falling channel pattern at $1.63. Since late July 2025, the two downsloping trendlines have provided dynamic resistance and support to crypto traders, creating a strict range in the current downtrend.
Therefore, the potential retest stands as a pivot level for price trajectory, suggesting a potential breakout or reversal in the near term. If the buyers flip the overhead resistance into potential support, the bullish momentum will regain strength and drive a sustained recovery.
On the contrary, if the seller continues to defend the overhead trendline, the coin price could reverse lower and tend to prolong the current correction trend.
Also Read: Ahead of Fusaka Upgrade: Ethereum Forms Bullish Pattern, Institutions Double Down
