A newly launched exchange-traded fund (ETF) on Nasdaq has fueled a significant surge in Hedera’s HBAR cryptocurrency, signaling growing institutional interest in enterprise-focused blockchain technologies. The digital asset experienced a 9.61% price jump over the past 24 hours to reach $0.199860 on Tuesday, October 28, 2025.
This rally pushed Hedera’s market capitalization to $8.48 billion. Daily trading volume for HBAR exploded to $1.1 billion, representing a 263.69% increase over its 30-day average.
The HBR ETF, which tracks HBAR, began trading on Nasdaq, attracting considerable institutional attention to the Hedera Hashgraph network. This event is seen by market observers as a key catalyst for the cryptocurrency’s recent performance.
Hedera Hashgraph distinguishes itself with its unique hashgraph technology, designed to provide fast, secure, and efficient transactions for enterprise applications. The platform has reported partnerships with major corporations, including Google and IBM.
On-chain metrics for Hedera show increased activity, with daily transactions rising by 15% above the monthly average to 1.2 million. The total value locked (TVL) in decentralized applications (dApps) on the network currently exceeds $100 million.
Despite the recent gains, HBAR remains 64.64% below its all-time high of $0.565, recorded in September 2021. However, its annual return stands at an impressive 306.31%.
Technical indicators suggest continued bullish momentum for HBAR in the short term. Its price is trading above the 7-day Simple Moving Average (SMA-7) of $0.176295. The Moving Average Convergence Divergence (MACD) shows a positive histogram and a bullish signal line cross.
The 14-period Relative Strength Index (RSI) is at 68, nearing the overbought threshold of 70, which could signal a potential short-term correction. Trading volume is 2.2 times its 30-day average, validating the recent price movement.
Market sentiment on social media is largely positive, with approximately 70% of discussions focusing on the ETF launch. Open interest in HBAR futures has also increased by 6.53% on exchanges like Binance and OKX, accompanied by positive funding rates, indicating a bullish bias in perpetual contracts.
Potential risks to the ongoing rally include broader macroeconomic factors and regulatory scrutiny. HBAR exhibits a correlation of 0.75 with the S&P 500, making it vulnerable to shifts in global market sentiment or interest rate hikes by the U.S. Federal Reserve. The U.S. Dollar Index (DXY) exceeding 105 could also pressure cryptocurrency prices.