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HBAR Retreats After Nasdaq ETF Debut as Early Flows Build

Early flows point to institutional interest despite a retracement to about $0.19.

Overview

  • Canary Capital’s spot HBAR fund (ticker HBR) began trading on Nasdaq on Oct. 28 following an initial rally that quickly reversed on profit-taking.
  • The ETF recorded roughly $8 million in first-day trading volume, according to CoinDesk.
  • Data cited from SoSoValue showed about $2.2 million of inflows on the second trading day.
  • HBAR traded near $0.19 by Oct. 30–31 with elevated volumes, as technical selling pressure offset the listing’s headline boost.
  • Analysts flagged heavy short positioning on derivatives venues and possible liquidation zones around $0.198–$0.219, while a new HederaEQTY LabAccentureNVIDIA AI governance initiative added a longer-term adoption angle.