Hedera Enters Wall Street as Nasdaq Lists HBAR ETF

• Nasdaq officially listed the Canary HBAR ETF, offering direct spot exposure to Hedera’s native token under ticker HBR.
• The ETF holds real HBAR with BitGo and Coinbase Custody, marking a milestone for institutional Hedera access.

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Nasdaq officially announced the listing of the Canary HBAR ETF (ticker: HBR), which will begin trading on October 28, 2025. This product allows investors direct exposure to HBAR, the native token of the Hedera network, without having to purchase and store it themselves.

Inside the Structure of the First Hedera Spot ETF

This ETF is issued by Canary Capital Group LLC, with assets under custody by two leading names in the crypto industry: BitGo Trust Company and Coinbase Custody Trust Company.

Both companies will directly hold HBAR assets, while the net asset value (NAV) calculation uses CoinDesk Indices’ official price index, the CoinDesk Hedera USD CCIX 60-min NY Rate.

Notably, this ETF falls under Nasdaq Rule 5711(d), which governs digital asset-based products under SEC oversight. The management fee, or expense ratio, is set at 0.95% per year, quite competitive for a digital asset product with spot exposure.

However, as Nasdaq’s official document warns, volatility risk remains a concern. This product may not be suitable for investors unfamiliar with the sharp price fluctuations of crypto assets, although its status is now more regulated under a major financial institution.

On the other hand, CNF reports that Hedera continues to strengthen its core technology through HIP-551, a major update introduced in mid-October.

The batch transactions feature allows multiple actions to be performed in a single atomic process, from minting and transfers to token management. This approach makes the transaction process more efficient while reducing the risk of execution errors that often arise in multi-stage transactions.

Analyst Eyes Major Upside as Institutional Use Expands

The technological advancements in the Hedera network don’t stop there. Last September, the project was also entrusted with supporting FRNT, the first stablecoin issued by a US state, Wyoming.

The stablecoin is backed by US dollars and government bonds, while the interest from the investments will be channeled to Wyoming’s School Foundation Program. This decision demonstrates Hedera’s growing recognition in the context of public financial governance, something that was once perhaps reserved for large networks like Ethereum or Stellar.

Furthermore, popular analyst Zayk believes HBAR is poised for a massive breakout after a prolonged period of movement within a Descending Channel pattern. He estimates a potential increase of around 50%–60% if this momentum continues.

Source: Zayk on X

Meanwhile, as of the writing time, HBAR is changing hands at about $0.20346, with an 11.55% increase in the last 24 hours and a daily trading volume of $199.26 million. Its market cap now stands at $8.68 billion, indicating growing investor confidence in the Hedera ecosystem.

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