HBAR, Hedera’s native token, gained 4% amid growing institutional trading driven by speculation about exchange-traded funds (ETFs). In the trading window from September 11 to 12, HBAR climbed from $0.237 to a peak of $0.245 before closing at $0.240. The uptick came after Grayscale Investments hinted at a potential Hedera trust and the DTCC listed a Canary HBAR ETF, indicating increased Wall Street interest in crypto assets beyond Bitcoin. However, analysts cautioned that these developments are preliminary and SEC approval is still required for any ETF launch. Technical resistance at $0.245 limited HBAR's gains, with $0.240 establishing itself as a crucial support level amidst heavy trading volumes. A late-session volume surge indicated substantial institutional activity, despite profit-taking pressures near resistance levels, highlighting the uncertain regulatory landscape.

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